On the Calculation of Treasury Bond Futures
CBOT medium and long-term treasury bonds futures adopt the price quotation method. 5. The contract face value of 1 0 and 30-year treasury bond futures are both 1 0000USD, and 1% of the contract face value is1point, that is,1point represents1000USD; The minimum change price of 30-year treasury bond futures is 1/32 points, that is, 3 1.25 USD/contract; In addition, the minimum price change of 5-year and 10-year treasury bonds is 1/2 of 1/32, that is, 15.625 USD/contract. The quotation format of CBOT long-term treasury bonds futures is "XX-XX", where the number before "-"represents how many points, and the number after "-"represents how many points 1/32. Among them, there may be three digits after "-"because the minimum changing price of 5-year and 10-year is 1/2 of132. Therefore, if other expenses are not considered, the profit and loss of the day =(99 2/32-98 and16/32) *1000 = (99.0625-98.5) *1000 = USD 562.5.