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- Topic: Margin on Bond Futures Question - Help
| Author | Topic: Margin on Bond Futures Question - Help |
|---|---|
| Brambles1 @2010-06-02 13:53:50 |
Please can someone clarify this? If a bond is quoted at 108:14 then the price is 108.4375. Can anyone tell me the tick size? Is it 1/32 or still 0.0001? And what is the tick value per $. I thought it was $25 per tick but using that figure in questions gives me the wrong answer! So if the quote went to 108:18 how much would it have gone up by? |
| donkillme @2010-07-09 08:06:49 |
When you see a:b, the price is expressed in 1/32 dollar. So 108:14 == $108.4375. 108:14 -> 108:18 is equal to an increase of 4/32 = 0.125 dollar. |
