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Suppose it is Jan 1st, and the futures price for August 1st delivery of a 1-year zero-coupon government T-bill is 0.96 . The size of

Suppose it is Jan 1st, and the futures price for August 1st delivery of a 1-year zero-coupon government T-bill is 0.96 . The size of one contract is for $1M face value If your bank goes long 20 contracts, is this a bet that interest rates are going to increase, or decrease? (type increase or decrease) If your bank goes long 20 contracts, and the price of the August 1st future increases to

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