ULTRA 10-YEAR U.S. TREASURY 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 | 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 no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Minimum Price Fluctuation | Outright: | 1/2 of 1/32 of one point (0.015625) = $15.625 | |||
| CALENDAR SPREAD | 1/4 of 1/32 of one point (0.0078125) = $7.8125 | ||||
| Product Code | CME Globex: TNCME ClearPort: TNClearing: TN | ||||
| Listed Contracts | Quarterly contracts (Mar, Jun, Sep, and Dec) listed for 3 consecutive quarters | ||||
| Settlement Method | Deliverable | ||||
| Termination Of Trading | Trading terminates on the 7th business day before the last business day of the contract month | ||||
| Settlement Procedures | Settlement Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 26 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Delivery Procedure | Federal reserve book-entry wire-transfer system | ||||
| Last Delivery Date | Last business day of the contract month | ||||
| Grade And Quality | Original issue 10-Year U.S. Treasury notes with not less than 9 years 5 months and not more than 10 years of remaining term to maturity from first day of futures 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 | ||||
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.
-
-
-
-
Using F-TIIE futures to trade Banco de Mexico policy decisions
- F-TIIE futures offer a way for market participants to hedge against Mexican interest rate risk or to...
-
-
-
-
Hedging Mexico’s Bondes D with CME F-TIIE Futures
- Explore how to apply new CME F-TIIE futures to hedge interest rate risk efficiently on Mexico’s Bond...
-
-
-
-
Cash Treasury Issuance: A Story of Supply and Command?
- The Treasury has paused its increases and bolstered auction takedown. But the Fed’s eagerness to wit...
-
-
Quick Links
Stay Informed
Tools
Trading Resources
Product Information
Want to trade this product?
© 2021 CME Group Inc. All rights reserved.