mdsvtr 

And here's a quick method for configuring P/L on the Financials, that I saw on a youtube video ..... Symbol is ZB a move from 115 2/32 to 114 20/32 = ( 114 34/32 ) minus 114 20/32 = 14/32 , which = 0-14 x $31.25 = $437 This math seem correct for the example given ?

I would think about it in another way: (converting to the decimal system is most intuitive in my opinion)

Price of 115'020 => 115.0625 in the decimal system (115 + 20/320)
price of 114'200 => 114.6250 in the decimal system (114 + 200/320)

So the range for the P&L calculation is 115.0625 - 114.6250 = 0.4400

Finally, the multiplier for this instrument is x1000 so you get a total gross P/L of 0.4400 x 1000 = 440$ (without commissions)

What does 147.26 mean in terms of interest rates

Is there a formula to get to the more normal 2 percent

I have emailed the exchange three times over a month ago and not received a reply

here in Australia the interest rate futures are calculated by the inverse from 100 so 3% is 97

fairly straightforward but I am at a loss as to understand the 30 year bonds

Can anyone help please

Fadi,

Thanks so much for taking the time to write out the Bond and Treasury numbers and calculations for me

I " Finally " understand the math behind it

I printed off what you wrote, and am going to go back through and work the numbers, to help familiarize myself with the math
I need to do something constructive over the weekend

Thank you again for the write up and for sharing

oztrader25 

What does 147.26 mean in terms of interest rates Is there a formula to get to the more normal 2 percent I have emailed the exchange three times over a month ago and not received a reply here in Australia the interest rate futures are calculated by the inverse from 100 so 3% is 97 fairly straightforward but I am at a loss as to understand the 30 year bonds Can anyone help please

Oz -- when you see "147.26" that means ZB is trading at 147 and 26/32nds....

So is that one point four seven two six percent (%)

Oz:

When you see the quote of 147-26 or 147.26, that just means Globex 30-year U.S. Treasury Bonds are currently trading (or have settled) at the final futures price of 147 and 26/32nds.

To extrapolate an implied or implicit yield -- that's a different story...

I have an Old School methodology that computes 147-26 to be an implicit bond yield of 3.434% -- there are spreadsheets available on the CME Group website that go into much more precise detail how to compute the bond yield for each basis point (which would be 1/32nd) move, up or down, in ZB price

I just post the Excel spreadsheet I use everyday to convert to decimal for Treasuries ZF ZB ZN. It's no big deal just helpful while doing levels in ZF.

It's here https://nexusfi.com/download/vip_elite_circle/1641-download.html?view

Ronald J Cutaia Jr

dano0726 

Oz: When you see the quote of 147-26 or 147.26, that just means Globex 30-year U.S. Treasury Bonds are currently trading (or have settled) at the final futures price of 147 and 26/32nds. To extrapolate an implied or implicit yield -- that's a different story... I have an Old School methodology that computes 147-26 to be an implicit bond yield of 3.434% -- there are spreadsheets available on the CME Group website that go into much more precise detail how to compute the bond yield for each basis point (which would be 1/32nd) move, up or down, in ZB price

Dano,

Can you elaborate a bit more on your "Old School" methodology...? Would love to learn more about this.