The concept of the “cheapest to deliver” (CTD) is a key element of Treasury futures. It arises from the conversion of futures prices to invoice prices for the delivered security,…
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Navigating Higher Yields: The Role of Treasury Futures in Today’s Market
The concept of the “cheapest to deliver” (CTD) is a key element of Treasury futures. It arises from the conversion of futures prices to invoice prices for the delivered security,…