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Investors believe that the foundation of future deliverable national debt will become bigger. Why do they want to buy cash bonds of deliverable government bonds and sell government bond futures?
Hello:

First of all, we should understand the meaning of basis: basis refers to the difference between the spot price of a specific commodity at a specific time and place and the futures price of that commodity in the futures market, that is, basis = spot price-futures price.

Therefore, when investors think that the basis will become larger in the future, it means that the rate of rise (or fall) of spot is lower than that of futures. At this time, you can make a profit by buying spot and selling futures.

Supplementary expansion: buying spot and futures belongs to spot arbitrage.

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