NO.PZ2020012005000019
问题如下：
If the return from an asset is negatively correlated with interest rates, would you expect the forward price to be greater than or less than the futures price? Explain.
选项：
解释：
When there is a negative correlation between return on assets and interest rates, when the asset price increases, funds tend to be invested at a relatively lower rate. On the other hand, when the asset price decreases, funds can be invested at a relatively higher rate. This makes a long futures contract less attractive than a long forward contract and the futures price will be lower than the forward price.
老师您好，请问可以这么理解吗？ 当两者负相关，则利率下跌时，期货需要付出保证金，而远期不用，所以LONG 远期的价格要贵过期货？
