Refers to the dollar price of a bond without additional fractions. Quoting a bond only in fractions presumes that the "handle" is known by market participants.
The first few digits of a financial instrument price or an interest rate or currency exchange rate. These digits change relatively infrequently as prices fluctuate, so a quote will often omit this handle, or “big figure,” particularly in a busy trading environment. Often called "Big Figure".
Describes the whole number at which a futures contract is traded. In the S&P 500 a "handle" is on dollar unit or 100 points. If the market is trading at 844.00, ("or 4 even,"), and moves up to the next handle, then the S&P¹s would be trading at 845.00, (or "45 even"). When not in front of a quote screen it is crucial to listen for the "handle", an indication that the markets are moving quickly.