3-YEAR T-NOTE FUTURES - CONTRACT SPECS
| Contract Unit | Face value at maturity of $200,000 | ||||
| Trading Hours | CME Globex: | Sunday – Friday 5:00 p.m. – 4:00 p.m., CT | 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 | One-eighth (1/8) of one thirty-second (1/32) of a point (1/256.) = $7.8125 ($2000 x 0.00390625) | ||||
| Product Code | CME Globex: Z3NCME ClearPort: 3YRClearing: 3YR | ||||
| 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. CT, on the last business day of the contract month. | ||||
| Settlement Procedures | Treasury Settlement Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 39 | ||||
| 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 that have an original maturity of not more than 7 years and a remaining maturity of not less than 2 years and 9 months from the first day of the delivery month but not more than 3 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. | ||||
Inform your Mar-Jun Treasury Roll Strategy
Optimize your roll strategy with the Pace of the Roll tool:
- Track the daily progression of the roll
- Compare to the historical averages and ranges of the previous 20 rolls
- Analyze the cheapness/richness of the basis spread between calendar months
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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