Range of Markets

Financial Spread Betting Markets Explained

We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.

US 10 Year Note (Decimal), Dec

Bonds - US10YearNoteDecimal
BondFixedInterest
4 *
(Shares only)
0.01
26/11/2024
2300-2200
£0.2
0.01(0.75 if guaranteed)
2
None
NTR: Position (GBP) % ***
0 - 457
.30
457 - 914
2.50
914 - 1,828
5.00
1,828 +
15.00
Limited Risk NTR: Position (GBP) % ***
0 - 229
3.33
229 - 457
5.00
457 + 0
15.00
Spread Premium: Stake (GBP) Multiplier
0 - 182
1
182 - 364
1.5
364 - 910
4
910 +
20
Mar, Jun, Sep, Dec
CBOT official settlement on last day of trading +/- spread

*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.

**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will  be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.


Market Description

US Treasury notes are US bonds with a remaining term to maturity of between six and a half years and 10 years, from the first day of the delivery month.

It is important to understand the inverse relationship between bond prices and yields. As prices rise, rates fall.

When placing a financial spread bet on bonds, you would place a ‘buy’ trade on the 10 Year Note future if you think rates will fall and a ‘sell’ trade on the 10 Year Note future if you expected rates to rise. It is important to note that you are trading on long-term interest rates rather than bank base rates.

In general terms, government bonds are lesser known products when it comes to financial spread betting but they can still attract plenty of interest, especially in uncertain economic times with the collapse of the financial markets and interest rates, for example.


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