Good Evening, I want to post the same Pnl " Move " , and associate it with the Four major Financials , and ask for help in giving the Actual Pnl ( in $ terms ) for each. The PnL " Move " we will use for all of the Four Financial is ... 0.05 So what would this be in $ terms for .......... ZB, ZN, ZT and ZF ? Thank you for the help. Bonds and the way in which you calculate a move and thus your PnL still confuses me a bit, so just trying to gain a better understanding Thanks much
go to CME.com, click on the contract, click on Contract Specifications and you will get something like Points ($1,000) and halves of 1/32 of a point. For example, 126-16 represents 126 16/32 and 126-165 represents 126 16.5/32. Par is on the basis of 100 points. Trading Hours SUN - FRI: 5:00 p.m. - 4:00 p.m. Minimum Price Fluctuation One-half of one thirty-second (1/32) of one point ($15.625, rounded to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract).