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June has been the active month but today is first notice day. The active (most liquid) month is now Sept.
The most active month trades on the top step of the pit (sometimes you hear it said the Sept. becomes top step tonight).
Stewart.
At 08:32 AM 5/28/99 -0500, robin hall wrote: >>>> hi ya all what does the following mean? Effective Friday, May 28, 1999 - September U.s. Treasury Bonds will trade in the Top section of the pit and June U.s. Treasury Bonds will trade in the Center of the pit. All other delivery months will remain in their current positions.
useMap=#navbot> thanks Attachment Converted: "c:\temp\changeover of pit positions.gif"
Stewart Taylor Taylor Fixed Income Outlook Voice: 501-219-9774 Fax: 501-228-0963 E-Mail: staylor@xxxxxxx Web Site: http://www.cei.net/~staylor/
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