![𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 on Twitter: "So in simple terms, the implied repo rate is the implied money market return from a cash and carry trade. And for a treasury futures seller, that 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 on Twitter: "So in simple terms, the implied repo rate is the implied money market return from a cash and carry trade. And for a treasury futures seller, that](https://pbs.twimg.com/media/E4ImjGkVoAQz0mn.png)
𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 on Twitter: "So in simple terms, the implied repo rate is the implied money market return from a cash and carry trade. And for a treasury futures seller, that
![P1.T3.720. US Treasury bonds: conversion factors, cheapest-to-deliver & theoretical futures price | Forum | Bionic Turtle P1.T3.720. US Treasury bonds: conversion factors, cheapest-to-deliver & theoretical futures price | Forum | Bionic Turtle](http://learn.bionicturtle.com/images/2017/forum/P1.T3.720.2.png)
P1.T3.720. US Treasury bonds: conversion factors, cheapest-to-deliver & theoretical futures price | Forum | Bionic Turtle
![𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 on Twitter: "The CTD's risk value of 6.976 is then divided by the conversion factor 0.8338 to arrive at 8.367 which is the price risk of the future based 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐲𝐩𝐞 on Twitter: "The CTD's risk value of 6.976 is then divided by the conversion factor 0.8338 to arrive at 8.367 which is the price risk of the future based](https://pbs.twimg.com/media/E5rvuCvVcAEVu4Y.png)