Hi David,
in "Calculate the theoretical futures price for a Treasury bond futures contract" (Page 56 of 123), i do not understand what period cover the 35 days in this formula : "Quoted futures price = $125.095 – (6 * 148/(148+35))". Sould not be 148/365 ? I know that is is detail and that computation are not a lot changed but i really not see what these 35 days means.
Thank you for your help.
Hervé
in "Calculate the theoretical futures price for a Treasury bond futures contract" (Page 56 of 123), i do not understand what period cover the 35 days in this formula : "Quoted futures price = $125.095 – (6 * 148/(148+35))". Sould not be 148/365 ? I know that is is detail and that computation are not a lot changed but i really not see what these 35 days means.
Thank you for your help.
Hervé