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 | 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. | ||||
| Minimum Price Fluctuation |
1/2 of 1/32 of one point (0.015625) = $15.625 Spreads: 1/4 of 1/32 of one point (0.0078125) = $7.8125 |
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| 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 | ||||
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