Taking Delivery of 2Y Notes...Issuance Question

K

killATwill

If you take delivery on say a March 2023 2-Year Note futures contract, what is the issuance date of the notes?

Is the issuance date equivalent to the final settlement date of the contract?

Thank you
 
The Issue Date ("ID") has nothing to do with delivery instructions.
The ID merely sets the base for interest accruals:
1) How much accrual (how many days) will be charged on your buy confirm,
number of days from ID to your settlement date. Treasuries are counted actual days in the holding period / actual days in the calendar year..
2) And the First Coupon (F/C) date is when you will be reimbursed for that accrual payment.
 
You must log in or register to reply here.
Back
Top