1 The standard 90-day US Treasury futures contract is 1 10,000 US dollars, and the change value of 1 basis point is 25 US dollars (that is, the change in the value of 1 Treasury bonds caused by the change in interest rate of 0.0 1% is equal to 25 US dollars). 90.25-88=2.25 means that the interest rate changes by 2.25%.

National debt, also known as national debt, is a creditor-debtor relationship formed by the state on the basis of its credit and in accordance with the general principles of debt.

Calculation method of profit and loss of treasury bond hedging: intertemporal arbitrage profit and loss of treasury bond futures = up/down point * contract multiplier.