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The Chicago Board of Trade`s Margin Committee recommended to directors that some spread margins be changed. For example, the margin on a five-year Treasury note to Treasury bond spread in a 5-2 ratio would increase to $1,200 from $900. The 10-year T-note to the bond in a 3-2 ratio would increase to $750 from $500. Municipal bond futures spreads to two-year T-note futures, which are not duration-weighted, would be decreased to $750 from $1,000.
