CME margins increased on US trsy futs

[oldtime]

Quote from zdreg:

does anybody care what the rating agencies do?

well, yes, due the fact that they're saying, "The days of you borrowing as much as you want and paying the interest on it without question are over."

 

[Martinghoul]

Quote from drm7:
Just curious, what happens to the bond/note/bill futures contracts if the underlying instruments default? Can a bond in default be legally delivered to a holder of a futures contract?

Well, what's a "bond in default" exactly? If a coupon is missed, say, a bond remains a bond. So really nothing fundamentally changes for the futures. However, the pricing does become a lot more interesting, that's for sure.