Suppose the 10-year T-note futures price quote today (May 31, 2019) for Sept 19 delivery is 10611. The initial margin on this contract for speculative
Suppose the 10-year T-note futures price quote today (May 31, 2019) for Sept 19 delivery is 10611. The initial margin on this contract for speculative traders is $1485 per contract. What is the markets forecast on this day for what 10-year Treasury yields will be in Sept? (Recall that the underlying for 10-year note futures is a hypothetical 6% coupon note with exactly 10 years remaining maturity.) If you short 25 contracts today and close your position with an offset trade on Aug 15th at a contract settle price of 10120, what is the balance in your trading account?
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