Beginner's Question

Quote from ofthomas:

so when you are saying a tick, since 10s trade on half-tick, you are still referring to the bond tick right? so 1t=31.25 and 1/2t=15.625...

Yeah that's exactly right.

Usually aiming for half a basis point (2 or 3 tnote ticks) is wise to start off with. Over time you'll grow and mould your strategy to be a bit more naturally complex but still simple overrall
 
Quote from TroubleWTheCrv:
Don't know who said 10 and 30 yr futures are pro-rata but they are not (they are FIFO)
You might wanna check on this, as things have changed recently...
 
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