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The Opening Tip: Know the Court Before You Play Welcome to the league. If you are jumping into Treasury Futures without knowing the terminology, you are stepping onto the field blindfolded. We do not play that way here. You need to understand the players, the scoreboard, and the defensive metrics before you can make a winning play. The Starting Lineup: Notes vs. Bonds First, you have to identify the players. The 10-Year Treasury Note is the workhorse of the market. It offers a balance of liquidity and volatility. The 30-Year Treasury Bond is the closer, the heavy hitter with the...