cheapest-to-deliver
- The selection of a class of bonds or notes that are most economically beneficial to deliver against an expiring futures contract due to their high implied repo rate
- In the bond market, traders often look for the cheapest-to-deliver option.
- The cheapest-to-deliver note was selected for delivery against the expiring futures contract.
- Economic efficiency can be enhanced by choosing the cheapest-to-deliver bond.
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