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Note 4 - Derivative and Other Hedging Instruments - Schedule of Derivative Positions (Details) - Short [Member] - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Five Year Treasury Note Futures [Member]    
Average contract notional amount $ 471,500 $ 750,500
Weighted average entry rate 3.69% 4.20%
Average receive rate 4.40% 4.22%
Open Equity $ 9,795 $ (100)
Ten Year T-Note Futures [Member]    
Average contract notional amount $ 285,000  
Weighted average entry rate 3.76%  
Average receive rate 4.47%  
Open Equity $ 3,793  
Ten Year Ultra Future [Member]    
Average contract notional amount $ 244,200 $ 174,500
Weighted average entry rate [1] 3.71% 3.66%
Average receive rate 3.77% 3.79%
Open Equity [2] $ 2,182 $ 965
[1] 5-Year T-Note futures contracts were valued at a price of $109.5 at March 31, 2023 and $107.9 at December 31, 2022. The contract values of the short positions were $1,014.6 million and $810.0 million at March 31, 2023 and December 31, 2022, respectively. 10-Year Ultra futures contracts were valued at a price of $121.1 at March 31, 2023 and $118.3 at December 31, 2022. The contract value of the short position was $65.7 million and $206.4 million at March 31, 2023 and December 31, 2022, respectively
[2] Open equity represents the cumulative gains (losses) recorded on open futures positions from inception.