来自《耶鲁大学开放课程：金融市场 第21集 第21集》

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  we talked about forward rates implicit in the term structure earlier
  我们讲过期间结构中远期利率的绝对收益
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  and you could try to achieve those forward rates
  你可以尝试实现那些远期利率水平
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  as we talked about earlier by buying and selling government bonds
  就通过我们讲过的买卖政府债券的途径
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  but this is another way to do it, which may be simpler.
  但可能有其他操作更为简单的方式
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  It doesn't involve shorting bonds; you can just make a contract.
  你不需要卖出债券 你只需制定合约
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  There's a contract rate in the forward contract and
  远期合约中可以约定合约利率
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  the contract says-- the contract specifies the contract rate R
  合约中...合约确定合约利率R
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  and the number of days in the contract period;
  以及合约期间的天数
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  that's how many days hence this contract will be delivered--
  即指在多少天内此合约会交付...
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  will be executed.
  应该是会执行
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  You can make any forward rate contract you want,
  你可以约定任何想要的远期利率
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  but this is the most standard contract;
  但这是典型的标准式合约