Correct me if I am wrong. As the DV01 of the Treasury changes throughout the live of the bond, the settlement formula (Changes in Yield * DV01) is only an approximation of the cash settlement, right?. In reality the client receives the price at what he sold and bought back, right?thanks

Swapnote futures on EUR and USD?, where can I find them?

I've seen I can trade the strip of 3mLIBORs using CFDs or spread bets up to two years. Therefore I can do a 2y Swap, but not any longer.I think spread bet companies should offer spread bets on IRSs, and people could use it to hedge their long-term liabilities. Or pure especulation.

<t>I wanted to deal this as an individual, to hedge some floating liabilities and some views that I have on the long end of the swap curve (but not on the treasury curve). I work in derivatives structuring, so I understand the counterparty risk implications, therefore I am happy to put a collateral ...

Does anyone know if is there any broker that lets individuals trade vanilla IRS?I've contacted a bunch of them, cityindex, IG Index, HSBC, CMC Markets, Barclays stockbrokers, etc... and no luck. you have to be an institution and open an account with a prime-brokerage.cheers

<t>I'm trying to work out the Interest Risk (PV01's) of a Bond Future. So at the moment the way I am doing it is by generating the CFs of a Bond starting now which Nominal value = No of Contracts * Size of the contract / ConversionFactor_of_Cheapest_to_Deliver e.g. if I am long 1 FVZ5 (5yr USA Tresa...