关于rolling yield问题，mock morning 25题 morning

joysonhku

rolling yield 不是在backwards才出现吗？

这样的话应该现在在高价才可能产生，这样答案不应该是C吗？怎么是b

essencnz

刚看到的errat,

Mock Exam Morning Session: The justification for question 25 has been corrected to state: B is correct because positive “roll yield” occurs when the futures price is below the full carry price, referred to as backwardation

linguohuai

恩，我跟你一样错了~~~这道题相当恶心~！

xiaomaiwd

来个完结版,不知道大家赞成不

假设这个人投资的commodity at historical low,那么肯定是消费者开心,生产的人不开心,那么producers就会多卖FUTURE去lock the price now in a volitile market,,那么就导致future成了Backwardation

如过现在在历史高价,那是卖家开心,而消费者不开心,他们就会去买很多future去lock the price,造成future价格上升,那么就成了 contango

hunterzhou

迷惑

jellyfsh_1

怎么听起来像江苏卫视 非诚勿扰 里面 女嘉宾说的话。

arthurlzh

很恶心的一题，应该是指的是他所持有的commodity目前的价格是低于当初他买入的价格的，所以是at historic lows。考虑的出发点不同，结果也不同，如果是他将要去买，那么这个价格是Historic high，如果是他已经买了，那题目所说的价格就是historic low。

 

 

实在是太恶心了，太卑鄙，太下流了。

jellyfsh_1

contango F>S if the buyer believe the future spot price will increase, he will pay a premium to buy the future. Those situation occurs when the spot prices was increasing and volatile

 

Backwardation F<S if the buyer believe the future spot price will decrease, he will pay a discount to buy the future, which occurs when the spot prices was decreasing and volatile.

 

So for this question, take the way that the price at historic lows means the price was decreasing for a while now.

joysonhku

依然很晕，呵呵

conscript

说不定以后还更低，处在历史最高点或最低点时哪种情况会以后价格往下走可是很难说的