The issue: A 5-Year term-to-maturity gap among bond issues deliverable into US Treasury Bond futures — a result of the Treasury Department's suspension of bond issuance between 2001 and 2006.
Although the current front-month has multiple short-dated issues for cheapest-to-deliver (CTD), the short-dated deliverable bonds will diminish over the next two years The potential limited supply and uncertainty of CTD may cause greater duration uncertainty and basis volatility.
Why You Should Attend This Webinar:
Get a better understanding of what's at stake
Hear first-hand potential solutions to address the issue