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On Thursday 4 April 2024, you will be required to enter into six June 2024 10-year bond futures contracts. You may enter into these contracts
On Thursday 4 April 2024, you will be required to enter into six June 2024 10-year bond futures contracts. You may enter into these contracts as a buyer or as a seller. Whether you enter into these contracts as a buyer or a seller will depend on your expectations as to the likely direction of long-term interest rates. You should state a logical basis for entering into these contracts as a buyer or seller. For example, you might speculate that long- term interest rates are likely to rise or fall. Note that the basis of your speculation is of lesser importance here than is demonstrating that you understand fully the nature of the transactions that you enter into. On Monday 29 April 2024, you must close out your position and do so at the settlement price of the June 2024 10-year bond futures contract. Using the settlement price of the June 24 10-year bond futures contracts on the days that you trade, detail your financial position after you have entered and evaluate your trading performance
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