Hi sir,
Why was the March futures quote used and not the June if the contract is expiring in June.
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Awan
10y ago#1The deposit starts in February and therefore the will use March futures - they mature at the end of March and this is the first future ending after the date on which the deposit starts.
I do suggest that you watch my free lectures on interest rate futures.
Thank you so much.
10y ago#3You are welcome :-)
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