Contract Unit | Face value at maturity of $100,000 | ||||
Price Quotation | Points and fractions of points with par on the basis of 100 points | ||||
Trading Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:00 p.m.ET (5:00 p.m. - 4:00 p.m. CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period. | CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with a 15-minute maintenance window Monday - Thursday from 5:45 p.m. to 6:00 p.m. CT | |
Minimum Price Fluctuation |
Outrights: 1/2 of 1/32 of one point (0.015625) = $15.625 Spreads: 1/4 of 1/32 of one point (0.0078125) = $7.8125 |
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Product Code | CME Globex: ZNCME ClearPort: 21Clearing: 21 | ||||
Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 consecutive quarters | ||||
Settlement Method | Deliverable | ||||
Termination Of Trading | Trading terminates at 12:01 p.m. on the seventh business day prior to the last business day of the contract month. | ||||
Settlement Procedures | Treasury Settlement Procedures | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT Chapter 19 | ||||
Block Minimum | Block Minimum Thresholds | ||||
Price Limit Or Circuit | Price Limits | ||||
All Or None Minimum | All or None Minimums | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Delivery Procedure | Federal Reserve book-entry wire-transfer system. | ||||
Last Delivery Date | Last business day of the delivery month. | ||||
Grade And Quality | U.S. Treasury notes with a remaining term to maturity of at least six and a half years, but not more than 10 years, from the first day of the delivery month. The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent. |
Whether you are a new trader looking to get started in futures, or an experienced trader looking for a more efficient way to trade the U.S. government bond market, look no further than U.S. Treasury futures.
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