Rates · Treasury tools
Treasuries do not fit the ratio engine — there is no stable ETF ratio between, say, /ZN and IEF. Use these dedicated tools instead: a 32nds parser and a coupon-bond price ↔ yield ↔ duration calculator.
32nds ↔ Decimal
Points & 32ndse.g. 110'16 · 110'16+ · 110'162
Decimal
fine ticks · `+` or 5 = ½ · 2 = ¼ · 7 = ¾
Price ↔ Yield ↔ Duration
Contract
CTD maturity (yrs)
Coupon (%)
Input
Price
Yield
4.329 %
Price (decimal)
110.00000
Price (32nds)
110'00
Mod. duration
5.758 yrs
DV01
$63.34
Notional
$100,000
Simple semi-annual coupon model · CTD approximation, not invoice-price accurate.
Treasury ETFs · effective duration
Rate shockbps
| ETF | Holdings | Eff. Dur. | ΔPrice (%) for 10 bp rise |
|---|---|---|---|
| SHY | 1-3 Year Treasury | 1.9 | -0.19 % |
| IEF | 7-10 Year Treasury | 7.5 | -0.75 % |
| TLT | 20+ Year Treasury | 16.5 | -1.65 % |