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Olinaaaaa · 2024年04月29日

问个A

NO.PZ2023091802000059

问题如下:

A commodities trader observes quotes for futures contracts as follow:

This commodity is trading:

选项:

A.

As a normal futures market since the futures prices are consistent with the commodity’s seasonality.

B.

As an inverted futures market since more distant delivery contracts are trading at lower prices than nearer-term ones.

C.

As a normal futures market because it is typical for more distant delivery contracts to trade lower than nearer-term delivery contracts.

D.

Consistently with convergence as futures prices will rise when the delivery period nears.

解释:

是不是只要future期货价格下降 市场都是inverted 不会是normal的

1 个答案

李坏_品职助教 · 2024年04月30日

嗨,努力学习的PZer你好:


normal指的是:期限长的期货价格大于期限短的期货价格。

inverted指的是:期限长的期货价格小于期限短的期货价格。


本题是七月份的期货价格大于十月份,十月份的期货价格大于十二月,所以属于inverted。

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