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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures
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From: Mark Z7/2/2013 11:24:03 AM
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First, I know very little about Treasury bonds but I need to understand some basics. I'm hoping I'm in the right place to ask a question. If not, please let me know & I'll look elsewhere. Not a lot of forums on SI that deal with Treasury bonds.

I'm about to inherit my mother's Treasury bonds. They are long bonds coming due in 2016. Her brokerage statement lists the position as follows:


I can't reconcile the quantity, current price and Market Value. I believe the Market Value is accurate. I know the current price is accurate (as of 5/31 when the statement was printed). I'm assuming the face value is $1000. Can anyone confirm this? I can't find any details on this instrument.

If that assumption is correct, shouldn't the quantity be 20 rather than 20,000? I'm guessing its possible the face value is $100 in which case the quantity should be 200. And if its not clear on my snapshot, the Quantity is 20,000, not 20.000.

Unfortunately, my mother's broker is no help. She pointed me to an eHow page that just confirms to me that the quantity is incorrect. Based on that page, this position would be worth $20M (face value $1000, current value 1196.80 per bond @ 20,000 quantity) which I know is ridiculous.
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