TRADING T-BONDS and T-NOTES

Discussion in 'Trading' started by Aranha, Aug 15, 2002.

  1. Aranha

    Aranha

    Dear All,

    Does anybody know what is the contract specs for these two instruments?

    Also, I noticed that they aren't decimalized, they're still using that old system.

    I'm from a different country that never used that system, so I'm totally lost in it. How does it work? What is the count I show do?

    I mean, in S&P, it goes like this: 0, 0.25, 0.50, 0.75 then 1.0. And so on....

    What about that 1/8.....etc?

    And do you guys know what is the value per tick?

    Regards

    Raphael
    p.s: Sorry for my ignorance regarding this system.
     
  2. T-bonds trade in 1/32's where 1 tick is $31.25

    T-notes trade in 1/64's where 1 tick is 1/2 of $31.25
     
  3. Aranha

    Aranha

    Dear trader 777,

    How should I count that?
    From zero to 1/32 what is in between?
    and from 1 to 1/64?

    I mean, using that example from the S&P....in the e-minis you have: 0,0.25,0.50,0.75,1.00..

    in the nas mini you have:0,0.5,1.0..

    How does it work in these other two?

    Thank

    Raphael
     
  4. H2O

    H2O

    Let me reply.

    You have 0 then comes 1/32 then 2/32 then 3/32 and so on until 32/32 which is a full point. (This full point you can compare with a full point on nasdaq emini.

    You can compare 16/32 to 0.50 on emini's

    Hope this helps,
     
  5. Aranha

    Aranha

    Got it ! Thanks!

    Btw,

    what's the opinion of you guys about trading the TBonds and Tnotes 10yrs?

    Good liquidity/Volume? Are they direct access like other futures, or are there different rules?

    Can the retail trader trade them?

    Regards

    Raphael
     
  6. H2O

    H2O

    Tnotes offer best opportunities in my opinion. Traded them EOD through the Fibonacci Trader Software (A W.D. Gann Treasury Discovered by Robert Krausz)

    Good liquidity.but watch news !!
     
  7. Aranha

    Aranha

    What about executions? Are they fast?

    I suppose that through E-minis, they must be as fast as any other direct access trading...am I right?

    But how about the PIT TRADED CONTRACT?