Terms and conditions of Treasury Bond and Note futures listed for trading on the Chicago Board of Trade (“CBOT” or “Exchange”) establish position limits applicable during an expiring contract’s last 10 trading days. The Exchange periodically reviews these position limits to ensure they comport with the scale and characteristics of the supply of deliverable-grade Treasury bonds and notes.
Pursuant to the latest such review, the Exchange plans to revise the position limits applicable to Treasury futures FOR DELIVERY IN DECEMBER 2012 and thereafter, as shown in Exhibit 1. No exemptions from these position limits are permitted.
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