i am trying to understand the 1-2 point spread in jun/sep. between the 2% interest rate and a relatively high dividend yield it doesn't seem to make sense. Any help or references will be greatly appreciated. Alex
hi Bernd. Unless i am missing something the long future should be traded at discount since there are dividends to be paid in the related period... Please explain what did u mean by " the div yield is not included". thanx Alex