Treasury rates are the rates an investor earns on
Treasury bills and Treasury bonds. These are the rates
a government uses to borrow in its own currency.
US Treasury rates at which US government borrows
Japanese Treasury r
The Determination of
Forward and Futures Prices
Determine forward prices for various
Determine how much profit an existing
forward and futures agreement has made a
party at a particular point in time
The relationship between forw
Simple Hedging Strategies Using Futures
Hedging with futures
What is a hedge?
Short and long hedges of fixed-price risk
Definition of a perfect hedge
Simple hedges using futures
What leads to changing calendar spread values
What are Futures Exchanges?
A futures exchange is where futures contracts are traded.
Large US futures markets include:
Chicago Mercantile Exchange
CBOT, CME, NYMEX, KCBT
US Intercontinental Exchange
ICE US and IFED
Other large exch
An Introduction to
Forward Rate Agreements and Interest Rate Futures
In this lecture we will cover the following:
Forward rate agreements
Although traders have specific needs for certain