Question: Question 2 (6 points) ESTIMATED VOLUME PRIOR DAY OPEN INTEREST CHANGE SETTLE LAST LOW OPEN HIGH MONTH Last Updated: Thursday, 10 Dec 2020 06:00 PM

Question 2 (6 points) ESTIMATED VOLUME PRIOR DAY OPEN INTEREST CHANGE

Question 2 (6 points) ESTIMATED VOLUME PRIOR DAY OPEN INTEREST CHANGE SETTLE LAST LOW OPEN HIGH MONTH Last Updated: Thursday, 10 Dec 2020 06:00 PM About This Report 17215 +31 1,139 33, 565 DEC 20 171'25 172'18 171'20 172'17A 350, 316 +1'00 173'15 1,122,981 MOUR 21 172'20 173'20 172'17 173'18 1 8 JUN 21 171'16 171'16 171016 171'16 +1'00 172'04 The risk manager IDF expects interest rates to Decrease, he notices the above quotes of 30-year Treasury bond futures contract on December 10th 2020 at 6 PM. a. Would he go long or short on a December future contract ? b. Assume he decides to take a short position on the December 2020 Future contract at Settle price, what is his profit or loss if at end of December 2020 the Future contract is quoted 167'18? c. Did the interest rate increase or decrease during the day of Thursday December 10th 2020? Question 2 (6 points) ESTIMATED VOLUME PRIOR DAY OPEN INTEREST CHANGE SETTLE LAST LOW OPEN HIGH MONTH Last Updated: Thursday, 10 Dec 2020 06:00 PM About This Report 17215 +31 1,139 33, 565 DEC 20 171'25 172'18 171'20 172'17A 350, 316 +1'00 173'15 1,122,981 MOUR 21 172'20 173'20 172'17 173'18 1 8 JUN 21 171'16 171'16 171016 171'16 +1'00 172'04 The risk manager IDF expects interest rates to Decrease, he notices the above quotes of 30-year Treasury bond futures contract on December 10th 2020 at 6 PM. a. Would he go long or short on a December future contract ? b. Assume he decides to take a short position on the December 2020 Future contract at Settle price, what is his profit or loss if at end of December 2020 the Future contract is quoted 167'18? c. Did the interest rate increase or decrease during the day of Thursday December 10th 2020

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