Contract Unit | 1 futures contract with face value at maturity of $100,000 | ||||
Minimum Price Fluctuation |
1/64 of one point (0.015625) = $15.625 Variable CAB at $1.00 increments from $1.00 - $15.00 |
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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 | Open Outcry: | Mon-Fri: 7:20 a.m. - 2:00 p.m. CT |
Product Code | CME Globex: OTNCME ClearPort: TNOpen Outcry: OTNClearing: TN | ||||
Listed Contracts | Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 consecutive quarters and serial contracts listed for 3 months | ||||
Termination Of Trading | Trading terminates on the last Friday, which precedes by at least two business days, the last business day of the month preceding the option contract month | ||||
Position Limits | CBOT Position Limits | ||||
Exchange Rulebook | CBOT 26A | ||||
Block Minimum | Block Minimum Thresholds | ||||
Vendor Codes | Quote Vendor Symbols Listing | ||||
Strike Price Listing Procedures | Strike prices will be listed in increments of one-quarter of one point for the nearest monthly (serial or quarterly) expiration. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next sixty (60) consecutive higher and the next sixty (60) consecutive lower strike prices. For all other months, Strike prices will be listed in increments of one-half of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next fifty consecutive higher and the next fifty consecutive lower strike prices. | ||||
Exercise Style | American | ||||
Settlement Method | Deliverable | ||||
Underlying | 10-Year U.S. Treasury Note 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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