let our days roll in

English translation: We chose not to roll over medium-term cash instruments that matured

10:24 Jan 9, 2003

English language (monolingual) [PRO]
Bus/Financial / Fund report (fixed income)

English term or phrase: let our days roll in

I don't understand the expression "we let our days roll in" at the end of the following paragraph: "After the announcement we maintained our weighted average maturities in the 50-55 day for our rated money market funds and 80-85 day range for our non-rated funds to take advantage of the now positively sloped LIBOR curve. Toward the end of the quarter, we let our days roll in and let our cash positions build to give us flexibility over year-end."

Johanna Holmberg (X) KudoZ activity Questions: 536 (7 open) (10 without valid answers) (10 closed without grading) Answers: 50
Local time: 22:38

Selected answer:We chose not to roll over medium-term cash instruments that matured

Explanation:
Medium-term cash instruments have a maturity date, and in the fund management industry the jargon is to roll them over on maturity, i.e. re-invest in a similar instrument. In this case the fund manager has chosen not to do so and to simply allow the proceeds of the instruments that mature each day to be returned to the fund as cash rather than tie them up in new fixed-term instruments.

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Note added at 2003-01-09 11:01:09 (GMT)
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Oops split infinitive ... before the comments roll in, I should probably have said \"and instead to allow the proceeds ...\".

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Note added at 2003-01-09 11:09:41 (GMT)
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Oops split infinitive ... before the comments roll in, I should probably have said \"and instead to allow the proceeds ...\".

Selected response from:

Peter Coles
Local time: 21:38

Grading comment

Thanks very much for your help! As for the split infinitive, I can assure you that we who translate from English learn to put up with plenty of things that are far worse :-)
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +2

We chose not to roll over medium-term cash instruments that matured

Peter Coles

4 +1

We let time play to our advantage as the harvest reaped itself.

Arthur Borges

let time go by

Sarah Ponting

Answers

2 mins confidence:

peer agreement (net): +1

We let time play to our advantage as the harvest reaped itself.

Explanation:
...as best I grasp it.

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Note added at 2003-01-09 10:28:00 (GMT)
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OR: We sat back and just watched the money come in all by itself.

Arthur Borges
China
Local time: 04:38
PRO pts in pair: 23

14 mins confidence:

let time go by

Explanation:
and the money come rolling in

i.e. we did nothing, just waited for the time to expire

Sarah Ponting
Italy
Local time: 22:38
Native speaker of:

English
PRO pts in pair: 67

29 mins confidence:

peer agreement (net): +2

We chose not to roll over medium-term cash instruments that matured

Peter Coles
Local time: 21:38
Native speaker of:

English
PRO pts in pair: 47

Grading comment

Thanks very much for your help! As for the split infinitive, I can assure you that we who translate from English learn to put up with plenty of things that are far worse :-)

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let our days roll in

English translation: We chose not to roll over medium-term cash instruments that matured

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