fwd contract arbitrage concept - less useful

label - fwd deal

The basic relationship (between spot price, fwd contract price, T-maturity bond price..) is intuitive, low-math, quite accessible to the layman, so I decided to really understand it, but failed repeatedly. Now I feel it's not worth any further effort. It's not quitting. It's saving effort.

- interviewers won't ask this
- real projects won't deal with it, because the (arbitrage-enforced) precision mathematics simply doesn't manifest in the real data, perhaps due to bid/ask spread
- Only financial math literature makes extensive use of it

I think this is like the trigonometry or the integration techniques -- you seldom need them outside academics.