What should I do if the intertemporal spread of treasury bonds futures is underestimated?
If the inter-temporal spread of treasury bonds futures is underestimated, we can try to do multi-temporal spread. Treasury futures are short on rallies. The theoretical price of TF 1403 is 92.09 1 yuan, the CTD coupon of TF 1403 is 1300 15IB, and the remaining life is 6.39. In terms of ETF, the net value of Cathay Pacific ETF is 97.586 yuan, and the secondary market price is 97.586 yuan.