This problem is a quotation method for medium and long-term treasury bonds futures based on CBOT. 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.
The quoted price of 10-year treasury bond futures is 97- 125, and the actual quoted price is 97+12.5 * (1/32) = 97.390625 yuan, because the quoted price of treasury bond futures is generally 100 yuan.