A forward contract question why, following, contract, question

Sunshine4ever

I do not know why the following statement is true. Is there someone could explain? Thank you very much.
The price of a 90day forward contract on a 90day Treasury bill will be above the current price of a 180day Tbill.

hoangvu90

Above is correct. That relationship must exist for noarb condition

spartanag07

Thank you very much. Now I see. I misunderstood the “PRICE” of 90day fwd contract, with “CURRENT VALUE” of it.

shootingstar

Can someone explain this in a different way?
Thanks!