Treasury Price in 32nds
Certain US Treasury securities are traditionally quoted in points and 32nds of a point, with additional fractional notation possible.
Market use
The quote must be converted before decimal-price calculations.
What it means
Certain US Treasury securities are traditionally quoted in points and 32nds of a point, with additional fractional notation possible.
Example
A quote of 99-16 corresponds to 99 and 16/32, or 99.5, before finer fractional conventions.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.