Recent content by Jaybee12

Apols - not sure I understand what you are looking for. I thought my first message was clear (Price is 131-23 per 100 face amount, so each $100,000 contract in this case has a value of $131,718.75 in decimals) - that is 131-23 * 1000 obvs. You previously said Since you mentioned the 2.75%...

You are correct on the market direction - June futures prices were roughly 137 at the beginning of this year, and fell below 131 around the beginning of April. They are approx 132 as of now. Your other para is not right tho

131-23 is the price, and 1.31% is the yield - it is purely coincidental in this example that they have the same digits. When prices go down, yields go up and vice versa

Price is 131-23 per 100 face amount, so each $100,000 contract in this case has a value of $131,718.75 in decimals. Futures yield is the forward yield of the CTD (cheapest to deliver) bond - in this case, the CTD is the 2.75% Feb 2028s, which is currently yielding approx 1.26% in the cash...