The Cisco Kid

The Cisco Kid is a fictional character found in numerous film, radio, television and comic book series based on the fictional Western character created by O. Henry in his 1907 short story "The Caballero's Way", published in the collection Heart of the West, as well as in Everybody's Magazine, v17, July 1907. In movies and television, the Kid was depicted as a heroic Mexican caballero, even though he was originally a cruel outlaw.

"The Caballero's Way" (short story)

In O. Henry's original story, the character is a 25-year-old desperado in the Texas-Mexico border country who bears little resemblance to later interpretations of the character. He kills for sport and is responsible for at least eighteen deaths. His real name is possibly Goodall ("This hombre they call the Kid—Goodall is his name, ain't it?"); no first name is given in the story. The Kid's mixed-ancestry girlfriend, Tonia Perez, both fears and loves him. When Texas Ranger Lieutenant Sandridge arrives at her home, seeking news of the Cisco Kid, they fall in love. Sandridge begins visiting twice a week. Eventually the Kid visits Tonia's house and finds them together:

On the Run

On the Run may refer to:

Literature

Film and television

Music

On the run (finance)

In finance, an on the run security or contract is the most recently issued, and hence most liquid, of a periodically issued security. On the run securities are generally more liquid and trade at a premium to other securities. Other, older issues are referred to as off the run securities, and trade at a discount to on the run securities.

Examples

United States Treasury securities have periodic auctions; the treasury of a given tenor, say 30 years, which has most recently been auctioned is the on-the-run security, while all older treasuries of that tenor are off-the-run.

For credit default swaps, the 5-year contract sold at the most recent IMM date is the on-the-run security; it thus has a remaining maturity of between 4 years, 9 months and 5 years.

A number of indices only hold on-the-run contracts, to ease trading.

Trades

When a new security is issued, becoming the new on-the-run security, buying the new contract and selling the old one is called rolling the contract.

A convergence trade involves the difference in price between the on-the-run and the most recent off-the-run instrument: for long tenors, these are virtually the same instrument, and in any event, an on-the-run instrument becomes off-the-run upon the issue of a newer instrument. Thus, if the basis (difference in price) between an on-the-run and most recent off-the-run instrument becomes large, one may buy the off-the-run and sell the on-the-run in anticipation of the basis shrinking. This trade, for 30-year treasuries, is noted as having been practised by Long-Term Capital Management.

On the Run (Kool G Rap & DJ Polo song)

"On the Run" is the second single from American hip hop duo Kool G Rap & DJ Polo's 1992 album Live and Let Die. Released with "Straight Jacket" as a B-side, it was later also featured on the compilation albums Killer Kuts (1994) and The Best of Cold Chillin' (2000).

Background

"On the Run" is a long, twisty heist story that Kool G Rap tells from the perspective of a low-level mob henchman, working for the Luciano crime family. Dissatisfied by what he thinks is insufficient pay for the drug running and money laundering jobs he is required to handle from day to day, he steals a shipment of 10 kg of cocaine (around $200,000 worth) so he can go into business for himself. His bosses catch him on the way to the airport, where he is plotting to flee town with his wife and son, but they are able to escape following a gunfight. He then drives into Mexico and stops at a filling station where he is again pursued by the Luciano family. He is able to kill his pursuers, including Don Luciano, and escapes.