张同学2018-10-06 13:50:08

老师，图片中的公式不是说利率上升，期货价格上升吗 但是下面这个题目的答案是利率上升使得期货价格下降 A German housing corporation needs to hedge against rising interest rates. It has chosen to use futures on 10-year German government bonds. Which position in the futures should the corporation take, and why? A、Take a long position in the futures because rising interest rates lead to rising futures prices. B、Take a short position in the futures because rising interest rates lead to rising futures prices. C、Take a short position in the futures because rising interest rates lead to declining futures prices. D、Take a long position in the futures because rising interest rates lead to declining futures prices. 答案：C 解析： Government bond futures decline in value when interest rates rise, so the housing corporation should short futures to hedge against rising interest rates.