O'Reilly logo
  • Abhineet Kapil thinks this is interesting:

In the Treasury space, prices are quoted in 32nds, as a XXX-YY, where XXX is the whole number of the fraction and YY is the numerator of the fraction over 32. For example a price of 112-10 is equal to 112 + 10/32 in decimals while a price of 112-10+ is equal to 112 + 10.5/32, with the plus sign referring to 1/2.


Cover of Interest Rate Markets: A Practical Approach to Fixed Income


price format in bonds