Question

What is the meaning of a Treasury bond futures price quote of 103-13?

Answer 1

ANSWER :-

☆ Bond :

● It is otherwise called debentures. Bonds are somewhat of an obligation speculation

●Under which the sum is paid by the speculator for the acquisition of bonds and are appeared on the risk side of the backer.

●They convey a fixed or variable pace of intrigue payable toward the finish of a period by the guarantor which is referenced in the instrument.

☆Treasury Bond:

●Treasury Bonds are the securities or instruments gave by the administration or open area undertaking to raise the assets.

● These assets are ensured by the administration. These are given at a rebate and recovered at face esteem. Intrigue isn't payable occasionally on these bonds.

☆ Treasury Bond quote of 103-13:

The Treasury Bond quote of 103-13 gives that the purchasing price  of the security is $103 against its presumptive worth of 100 and the loan fee is 13%.

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