这里没有提到是Long还是Short啊

问题如下：

A trader is considering whether to invest in a forward or a futures contract on fixed-rate bonds as the underlying asset. Assuming interest rates rise, determine whether there is a gain or loss on the underlying asset and whether a forward or a futures contract is more desirable.

选项：

A.

There will be a gain on the underlying asset and a forward contract is more desirable.

B.

There will be a loss on the underlying asset and a forward contract is more desirable.

C.

There will be a gain on the underlying asset and a futures contract is more desirable.

D.

There will be a loss on the underlying asset and a futures contract is more desirable.

解释：

如果利率上升，那么固定利率债券资产的价值将会下降。使用期货时，资产价格下跌的损失会立即确认，并且必须以高利率融资。这使得期货多头合约比远期多头合约更不理想。换句话说，对于远期合约，资产价格下跌的损失会被延迟，这使得远期多头合约比期货多头合约更理想。