Why are there not futures contracts with longer lives

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Most futures contracts have fairly short lives, usually less than 18 months. Why are there not futures contracts with longer lives?

Suppose you are convinced that the spread between long- and short-term rates will widen, whereas everyone else thinks it will remain constant. Unfortunately, you do not know whether the general level of interest rates will go up or down. What can you do?

Reference no: EM131247271

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