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forward rates are given ; 6month; 5% 12 month; 4.5% 18month; 3% 24 month; 2% are we in a state of backwardation, contango or flat?
forward rates are given ;
6month; 5%
12 month; 4.5%
18month; 3%
24 month; 2%
are we in a state of backwardation, contango or flat?
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