US 10 year T-note

Discussion in 'Fixed Income' started by globalarbtrader, Sep 15, 2021.

  1. Can't find this with google and I've long since forgotten. Does anyone remember what the hypothetical coupon on US 10 year futures used to be (now 6%) before 2000? Was it 8%?

    GAT
     
  2. KevinBB

    KevinBB

    Have a look at this page. A PDF document.

    It talks about CBOT being forced to change the bond coupon rate from 8% to 6% for contracts expiring before March 2000. See note 5 on page 5.
     
    globalarbtrader likes this.
  3. Thanks Kevin.

    GAT