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RBA Glossary definition for NHP
NHP – Net Hedging Positions
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Conclusion
6 Jun 2017
RDP
2017-03
We find strong evidence of a negative relationship between NHP and risk premiums, as would be suggested by the net hedging pressure theory, when we include returns on longer-dated futures ... contracts. Our results also suggest that the relationship
https://www.rba.gov.au/publications/rdp/2017/2017-03/conclusion.html
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Financialisation and the Term Structure of Commodity Risk Premiums
24 May 2017
RDP
PDF
1495KB
contemporaneous relationship between the NHP and returns on commodities futures (an ex post. ... As discussed above, empirical identification of a relationship between NHP and commodity risk.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-03.pdf