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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: TNCME ClearPort: TNClearing: 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 | ||||
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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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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