In this topic, the contract face value of 10-year treasury bond futures is 10000 USD, and 1% of the contract face value is 1 point, that is, 1 point represents 1000 USD; The quotation is in the form of integral sum 1/32 integral, and 1/32 integral represents 3 1.25 USD.
10-year treasury bond futures contract delivery price in June 2009 is 125- 160, indicating that the contract value is:1000×125+31.25×/kloc-.
The buyer shall pay125,500× 0.9105+100,000× 4.5% × 4/12 =15767.75 USD.