Backwardation has positive roll return. I completely understand that.
I understand the second picture is the term structure, and is what I am familiar with. But what is the first picture called? Just a snapshot over-time, it isnt a term structure I know that.
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I understand the second picture is the term structure, and is what I am familiar with. But what is the first picture called? Just a snapshot over-time, it isnt a term structure I know that.
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