narrow basis

Narrow Basis

A situation in which there is only a small difference between the spot price and the futures price for a commodity. This occurs when investors expect there to be little shift in supply or demand between the present time and when the commodity is delivered under the futures contract. A wide basis often becomes a narrow basis the closer a futures contract comes to maturity because there is less uncertainty; when this does not occur, arbitrage opportunities arise.

narrow basis

A market condition in which only a small difference exists between a spot price and futures prices for the same type of contract. Compare wide basis.
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According to Michael Thornton of (https://www.dailymail.co.uk/news/article-3054593/Diana-Prince-Charles-secret-daughter-living-hiding.html) Daily Mail , there was a narrow basis of fact in the story.
They have a narrow basis for their belief: A rule set in place in 1955 by Pope Pius XII, allowing only 12 "viri selecti" (chosen or select men) to take part in the rite of the Washing of the Feet.
The narrow basis of the Appellate Court ruling should not diminish the significance of this case, or the threat to journalists posed by the lower court's ruling.
But she expressed "deep concerns" for the budget's "short sighted and narrow basis".
Mirakhor was reported as saying Islamic finance is like "a movement toward becoming more other conscious...having consciousness about the other fellow, about the general public interest." And, that is in a wide contrast to the "simple narrow basis of self interest which motivates, supposedly, the economic agents in the liberal economic system," he maintained.
The service attributed the outlook revision to the narrow basis differentials, which, if unchanged, will lower the underlying value of REX's pipeline capacity and will materially reduce cash flow after the contracts expiry in 2019.
We will certainly be seeking legal advice with a view to challenging this doubtful and narrow basis for rejecting our application.
The very narrow basis on which the 5-4 Supreme Court's Heller decision voided Washington D.C.'s handgun ban was that law-abiding responsible adults have a Second Amendment right to possess handguns for the defense of their homes and families.
It was also highly relevant that the press did not contest the proceedings and that the Attorney General, representing the public interest, did not oppose an injunction under the narrow basis of Article 8 of the Human Rights Convention, which requires respect for someone's private and family life.