Can someone explain the ZN quote?

[bidask]

115'155

What does this quote mean?

 

[Surdo]

115 31/64ths

 

[MandelbrotSet]

Quote from Surdo:

115 31/64ths

Can you tell us how the calculation is derived?

Or point us in the direction of a website that can?

I have charts that display the prices using both methods, so I'm very curious about how it works.

Thanks.

 

[Surdo]

115 15.5/32 is the actual quote!

ZB and ZN trade in 1/2 32'nd ticks.

You can't do that in your head JJ?

surdo

 

[ammo]

bonds trade in 32's of $1000, so 1/32 is $31.25,they are now quoting 1/2 32nds or $15.625

 

[Bernard111]

some software platform could display the quotes in decimals, too but the native format is as said above.

 

[MandelbrotSet]

Quote from Surdo:

115 15.5/32 is the actual quote!

ZB and ZN trade in 1/2 32'nd ticks.

You can't do that in your head JJ?

surdo

I can figure-out a lot of things the hard way.

But by sharing information here on the board with others, I would hope that all would benefit.

 

[bidask]

this means the minimum fluctuation is 1/64 correct? why do a bunch of websites say that it's 1/32? when did the switch happen?

 

[bidask]

is the minimum fluctuation of zb also 1/64?

 

[Surdo]

ZB and ZN both tick in 64's....Bondo switched over in Late Feb/early March .