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A T-bond futures contract has a face value of $100,000, currently it is priced at 109-12. The initial margin is 3,713, and maintenance margin is
- A T-bond futures contract has a face value of $100,000, currently it is priced at 109-12. The initial margin is 3,713, and maintenance margin is $2,750. Mark longs ten T-note futures contract and Cindy shorts ten T-note futures contract. Mondays close is 110-21, and Tuesdays close is 108-25.
- What are the margin balances for Mark and Cindy on Monday? Who will get a margin call, by how much?
- What are the margin balances for Mark and Cindy on Tuesday? Who will get a margin call, by how much?
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