My broker has CFDs of bond futures such as the UST10Y_M8 and i'd like to make a custom instrument that takes the bond price, applies some maths and displays it as a yield. I know this involves the coupon (currently 0.0275?) and possibly another price (the face value?) but how do i crunch the numbers? would someone mind showing me?
Coupon = 0.0275 (?)
Current Price = 119.259
Current Yield = 2.994%
years to expiration = 10
thanks
M
Coupon = 0.0275 (?)
Current Price = 119.259
Current Yield = 2.994%
years to expiration = 10
thanks
M