The contract face value of CBOT5, 10 and 30-year treasury bonds futures is 10000 USD, and 1% of the contract face value is 1 point, that is, 1 point represents 1000 USD; The minimum price change of 30-year treasury bond futures is 1/32 points, that is, 3 1.25 USD/contract, that is,1000 *1/32 = 31.25 USD; The minimum price change for 5-year period and 10 period 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 the "-"space symbol represents how many points, and the number after the number is 1/32. Among them, there may be 3 digits after the "-"space symbol because the minimum change price of 5-year period and 10-year period is 1/2 of132.
For example, 10-year US Treasury bonds fell 14/32 to 98 4/32, and the yield was 4.87%. The 30-year US Treasury bonds fell by 25/32 to 92 29/32, with a yield of 4.96%.
/kloc-decreased during 0/0 years 14/32, that is, decreased 14*3 1.25=437.5 to 98 *1000+4 * 31.25 =
Why the United States likes to quote like this may be a historical habit. In the past, people could divide gold coins into 1/2, 1/4, 1/8 and so on, so now the lowest quotations for many transactions in the United States are even scores.
The rate of return refers to the rate of return on interest and price conversion obtained by investing in national debt every year. Equivalent to the average income of your national debt, with the yield * principal. Generally, the deposit interest rate for the same period is used as a reference.