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> So, unless you are a Spanish trader from the 16th century or have a book with fractional stocks from the 90s, HandsOnMoney will serve you well. US treasury f
by dmurray 4mo ago
> So, unless you are a Spanish trader from the 16th century or have a book with fractional stocks from the 90s, HandsOnMoney will serve you well.
US treasury futures are still priced in 32nds of a dollar increments. Sorry, that's not true, they're quoted in 32nds, but sometimes priced in half-, quarter- or eighth-32nds. One might trade at 105-22.5, which means 105 and 45/64ths.
https://www.cmegroup.com/trading/interest-rates/basics-of-us-treasury-futures.html https://www.cmegroup.com/trading/interest-rates/basics-of-us...
- vitalikpie 4mo agoGod damn it! I did not bother to check the treasury. Thank you for catching mistake - I will correct it. I knew there will be something to hunt minor units.
- kulkarnic 4mo agoTreasuries, MBS, most non-corporate bonds all trade in eighths or 64ths. Coupon rates are in eighths as well. Commodities I think no longer do, but did until recently.