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. New York time/ET (5:00 p.m. - 4:00 p.m. Chicago Time/CT). Monday - Thursday 5:00 p.m. - 6:00 p.m. New York Time/ET (4:00 p.m. - 5:00 p.m. Chicago Time/CT) daily maintenance period.
Minimum Price Fluctuation	One-half of one thirty-second (1/32) of one point ($15.625, rounded to the nearest cent per contract), except for intermonth spreads, where the minimum price fluctuation shall be one-quarter of one thirty-second of one point ($7.8125 per contract)
Product Code	CME Globex: TN CME ClearPort: TN Clearing: TN
Listed Contracts	The first three consecutive contracts in the March, June, September, and December quarterly cycle
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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