A futures contract which matues at most distant months. That is, it has expirations or delivery dates furthest into the future. In a carry market, deferred futures prices are higher than front futures prices. To the contrary, in an inverted market, the futures price of the front month (nearby month) is higher than that of the deferred month.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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