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What is the origin of U.S. Treasury bonds being quoted in 1/32's? Why are U.S. T-Bonds not quoted in 10th's (i.e. 100's), making it easier for the investor to understand?

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What is the origin of U.S. Treasury bonds being quoted in 1/32's is the question.

Second part of question. Why are U.S. T-Bonds not quoted in 10th's (i.e. 100's) making it easier for the investor to understand?

Have been to U.S. Treasury Department. Cannot find one article or bit of information about this.

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Solution Summary

The solution determines the origin of the U.S. treasury bonds being quoted in 1/32's.

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Umut Oltulu, MBA
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  • BSc, Dokuz Eylul University
  • MBA, Texas A&M University-Kingsville
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