Examine a duration enhancement or reduction strategy for the portfolio you created.

a. Select one futures contract on a T-bond or T-note (e.g., TYA) to go long or short. Use the expiration date on the futures contract as the date for closing the strategy.

b. Use the Chart screen (Chart ) to create multigraphs for the prices on the futures and the portfolio (.Ticker of portfolio you created in CIXB). On the Chart Menu screen, select Standard G chart; once you have loaded your securities, go to "Edit" to put your graphs in separate panels.

c. Select a beginning date that you would have implemented your futures adjusted portfolio and a closing date near the futures expiration as the date for closing your position. Use the price-sensitivity model to determine the number of long or short futures contracts needed to move to your target duration.

d. Calculate the profit or loss on the futures position from opening and closing at the futures prices at the beginning and ending dates, the value of your portfolio on the closing date, and the future-adjusted value (portfolio value plus futures profit). Compare your futures-adjusted portfolio value to the unadjusted portfolio value.