PACAM Treasury Trade
In the PACAM treasury trade example from Chapter 4 (Box 4.3), PACAM initially asked, “Where is the market, in size, for the 5-year on-the-run treasuries?” So let’s look at a snapshot of what information the 5-year treasury trader might have at that point in order to make a market.
Traders sit all day in front of their computer screens. Some traders have as many as six computer screens in front of them crammed with live data. Individual traders will organize their screens in different ways, but often traders who trade the same financial product will have similar types of information. The live information they need to see throughout the day is a combination of price information on the financial product they trade, price information ...
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