The Bond Continuation tab allows you to display continuation charts for cash bonds.
For example, in August 2010 when the US government issued new 10-year bonds, the continuation chart for a 10-year government bond switched from displaying the bond that matures in February 2020 to one that matures in August 2020. Likewise, in February 2011, the chart displayed the bond that matures in February 2021.
Bond Continuation charts are updated manually by CQG.
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Type |
Description |
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No Continuation |
Sets the current chart to display the data for a single bond issue. It plots the specified issue to maturity. The resulting chart is not a continuation chart. |
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Active Continuation – rollover with trading activity and optionally equalize opens
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Sets the chart to display data for the benchmark. Once the transition occurs between the outgoing benchmark and the new benchmark, the new benchmark remains the active issue until a new benchmark is listed. Colored horizontal bars appear at the bottom of the continuation charts, directly above the time scale, to indicate the time period that issue was the benchmark. Additionally, you have the option to equalize the opens. CQG equalizes opens by adding to the new benchmark the difference between the old benchmark and the new benchmark. |
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Equalize opens |
Makes the expiration comparisons more relevant. The equalization is applied on the day of the rollover (determined by the switch in the most active contract) according to the following example: Example: CUS on 12/11/97 =
954.40 |