Suppose the bank's balance sheet has 3-month loan at LIBOR+2 in Assets, and 1 year deposit at LIBOR.

The 1st 3 months spot rate is 1%; the 2nd 3 months spot rate is 2%; the 3rd 3 months spot rate is 3%; the 4th 3 months spot rate is 4%. To hedge my interest rate exposure, buy or sell futures? Yields increase by 1% in January. Construct a table showing futures prices and yields in January. What is net income throughout the year?