2-YEAR T-NOTE FUTURES - CONTRACT SPECS
| Contract Unit | Face value at maturity of $200,000 | ||||
| Price Quotation | Points and fractions of points with par on the basis of 100 points | ||||
| Trading Hours | CME Globex: | SUN - FRI: 5:00 p.m. - 4:00 p.m. | CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Minimum Price Fluctuation | 1/8 of 1/32 of one point (0.0078125) = $7.8125, | ||||
| Product Code | CME Globex: ZTCME ClearPort: 26Clearing: 26 | ||||
| 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 last business day of the contract month. | ||||
| Settlement Procedures | Treasury Settlement Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 21 | ||||
| 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 | Third business day following the last trading day. | ||||
| Grade And Quality | U.S. Treasury notes with an original term to maturity of not more than five years and three months and a remaining term to maturity of not less than one year and nine months from the first day of the delivery month and a remaining term to maturity of not more than two years from the last 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. | ||||
2-Year Note Yield Curve Analytics
Gain an in-depth view into world's most secure and liquid government debt market.
- View futures vs. cash yields
- Track Treasury auctions back to 1980
- View past and projected coupon issuance by tenor
- Chart the Fed's balance sheet composition
- View and analyze economic reports
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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