What is the meaning of Plus?

Plus is used to quote a price in 64ths. Dealers in government bonds normally give price quotes in 32nds. To quote a bid or offer in 64ths, they use pluses; a dealer who bids 4+ is bidding the handle plus 4/32 + 1/64, which equals the handle plus 9/64.

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APABarry Goldsmith. (2010). plus. Retrieved September 20, 2026, from http://smartdefine.org/plus/definitions/1160686
ChicagoBarry Goldsmith. 2010. "plus" http://smartdefine.org/plus/definitions/1160686 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, plus, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/plus/definitions/1160686>.
MLABarry Goldsmith. "plus" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/plus/definitions/1160686>
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