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You believe that interest rates are going to fall over the coming months, which would...

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Accounting

You believe that interest rates are going to fall over the coming months, which would lead to an increase in bond prices. You decide to speculate using treasury futures. You enter into 20 LONG futures contracts when the futures price is quoted as 135 23/32.

You close out your position a few weeks later when the futures price is 137 16/32.

What is your gain/loss on your trade?

Remember that the contract size for each treasury future contract is for $100,000 of face value of bonds.

(Enter gains as positive numbers and losses as negative numbers. Required precision: 0.01 +/- 0.01).

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