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10-Year T-Note Futures Contract Specs
| 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 | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Minimum Price Fluctuation |
Outrights: One-half of one thirty-second (1/32) of one point = $15.625 Spreads: One-quarter of one thirty-second (1/32) of one point = $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 8th 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. | ||||
Welcome to U.S. Treasury Futures
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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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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Phone: +1 312 930 1000
Toll Free (US Only): +1 866 716 7274
