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2022-01-11 22:57A German housing corporation needs to hedge against rising interest fatès. It has chosen to use futures on 10-year German government bonds. Which position in the futures should the corporation take, and why? Take a long position in the futures because rising interest rates lead to rising futures prices. Take a short position in the futures because rising interest rates lead to rising futures prices. Take a short position in the futures because rising interest rates lead to declining futures prices. Take a long position in the futures because rising interest rates lead to declining futures prices.
所屬：FRM Part I > Financial Markets and Products 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Adam助教
2022-01-12 11:48
該回答已被題主采納
同學(xué)你好：
第一句話：A German housing corporation needs to hedge against rising interest fatès.這句話的意思是公司擔(dān)心利率上升（也就是利率上升會(huì)給公司帶來不利影響）。
所以如果我想去對(duì)沖的話，就是找到一個(gè)產(chǎn)品，這個(gè)產(chǎn)品在利率上升的時(shí)候可以獲利。這樣的話獲利就能去彌補(bǔ)不利。這就是對(duì)沖。
那么什么樣的產(chǎn)品才能在利率上升時(shí)獲利呢？？？
債券期貨的空頭。
因?yàn)椋豪噬仙?，債券價(jià)格下跌，從而債券期貨價(jià)格下跌。如果我是債券期貨空頭的話，期貨價(jià)格下跌，賺錢。
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