Editing Forward rate (section)

{{Short description|Future yield on a bond}}
{{distinguish|forward price|forward exchange rate}}
The '''forward rate''' is the future yield on a [[bond (finance)|bond]]. It is calculated using the [[yield curve]]. For example, the yield on a three-month [[Treasury bill]] six months from now is a ''forward rate''.<ref>{{Citation |last=Fabozzi |first=Vamsi.K|title=The Handbook of Fixed Income Securities |edition=Seventh |location=New York |publisher=kvrv |year=2012 |isbn=978-0-07-144099-8 |page=148 }}.</ref>