Dd interest rates increase or decrease how do you know , Financial Management

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Dd interest rates increase or decrease how do you know

An investor named Lohan sold one T-Bond futures contract when the quoted price was 93-25. When the position was closed out, the price of the T-Bond futures contract was 94-12.

Did interest rates increase or decrease? How do you know?

What was Lohan's profit or loss from this contract (ignoring transaction costs)?

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Financial Management: Dd interest rates increase or decrease how do you know

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Financial Management: Dd interest rates increase or decrease how do you know

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