How do you read Treasury Quotes?
This question is going to sound dumb to the professionals, but pls help me understand how you read this treasury price quote: 99-172 / 99-173
Is the bid 99+(17.2/32) and the ask 99+(17.3/32)?
Is the spread 0.1/32?
Thanks a bunch!
https://www.cmegroup.com/education/courses/introduction-to-treasuries/c…
dont ask dumb questions like this on the desk
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