Makes no difference to the spot. Forward contract out for 2 months will have a different price than one out for 6 months. The fact that a forward contract in 6 months is being traded more than the one in 2 months has zero impact on spot. It can be because there’s an expectation that the IO price will trail down after Sep. Also, interest rate differentials often play a part in forward pricing.
Back in April, the May contract was around 700 while the Sep one was around 580. The % difference is quite similar to the 2 contracts being discussed now.
Makes no difference to the spot. Forward contract out for 2...
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$17.34 |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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