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The Duration of a 3-Month Treasury Futures Contract Is 4

question 13

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The duration of a 3-month Treasury futures contract is 4.36 years. What is the duration of the underlying Treasury note?

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Definitions:

Unconditioned Stimulus

In classical conditioning, it refers to a stimulus that naturally and automatically triggers a reflexive response without any need for learning.

Puckering

The act of contracting or gathering into wrinkles or folds, often referring to the lips.

Saliva

A clear liquid secreted by the salivary glands in the mouth, important for digestion and maintaining oral health.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which they're learned, often through conditioning, without reference to mental processes.

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