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Note 5 - Derivative and Other Hedging Instruments - Schedule of Derivative Positions (Details) - Short [Member] - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Five Year Treasury Note Futures [Member]    
Average contract notional amount [1] $ 312,500,000 $ 421,500,000
Weighted average entry rate [1] 4.22% 4.36%
Average receive rate [1] 4.37% 4.04%
Open Equity [1],[2] $ 1,890,000 $ (9,936,000)
Ten Year T-Note Futures [Member]    
Average contract notional amount $ 93,500,000  
Weighted average entry rate 4.30%  
Average receive rate 4.49%  
Open Equity $ 1,119,000  
Ten Year Ultra Futures [Member]    
Average contract notional amount $ 32,500,000 $ 320,000
Weighted average entry rate 4.25% 4.38%
Average receive rate 4.58% 4.39%
Open Equity $ 914,000 $ (11,393,000)
Three Month SOFR Futures, Ending June 2024 [Member}    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   5.08%
Average receive rate   4.99%
Open Equity [2]   $ (24,000)
Three Month SOFR Futures Ending September 2024 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   4.67%
Average receive rate   4.52%
Open Equity [2]   $ (39,000)
Three Month SOFR Futures Ending in December 2024 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   4.27%
Average receive rate   4.10%
Open Equity [2]   $ (44,000)
Three Month SOFR Futures Ending in March 2025 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   3.90%
Average receive rate   3.73%
Open Equity [2]   $ (43,000)
Three Month SOFR Futures Ending in June 2025 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   3.58%
Average receive rate   3.42%
Open Equity [2]   $ (41,000)
Three Month SOFR Futures Ending in September 2025 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   3.37%
Average receive rate   3.21%
Open Equity [2]   $ (39,000)
Three Month SOFR Futures Ending in December 2025 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   3.25%
Average receive rate   3.10%
Open Equity [2]   $ (37,000)
Three Month SOFR Futures Ending in March 2026 [Member]    
Average contract notional amount   $ 25,000,000
Weighted average entry rate   3.21%
Average receive rate   3.07%
Open Equity [2]   $ (35,000)
[1] 10-Year T-Note futures contracts were valued at a price of $114.28 at September 30, 2024 and $112.89 at December 31, 2023. The contract values of the short positions were $14.3 million and $361.2 million at September 30, 2024 and December 31, 2023, respectively. 5-Year T-Note futures contracts were valued at a price of $108.77 at December 31, 2023. The contract value of the short position was $458.5 million at December 31, 2023.
[2] Open equity represents the cumulative gains (losses) recorded on open futures positions from inception.