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What does the future price of treasury bonds 10 1- 12 mean?
This is the way to quote US Treasury futures.

The quotation format of medium-and long-term treasury bonds futures in CBOT is "XX-XX", and the number before the "-"space symbol represents how many points, and the number after the number represents how many points is 1/32.

For example:

Note that the unit of 1/32 in this question is 3 1.25 USD, and the minimum change point is 0/4+0/32 of 65438+65438.