A forward interest rate is a discount rate that takes a single payment at one point in the future and discounts it to another (nearer) time in the future; they have their own special notation.  For example, if we’re measuring time in years, the discount rate that would take a payment 6 years from now […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level I Fixed Income Membership, CFA® Level I Membership

This will give you access to this and all other articles at that membership level.