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Contract Size |
One U.S. Treasury note
having a face value at maturity of $100,000 or multiple thereof.
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Deliverable Grades
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U.S. Treasury notes
maturing at least 6 1/2 years, but not more than 10 years, from the first
day of the 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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Tick Size
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Minimum price fluctuations
shall be in multiples of one-half of one thirty-second (1/32) point per 100
points ($15.625 rounded up to the nearest cent per contract) except for
intermonth spreads, where minimum price fluctuations shall be in multiples
of one-fourth of one thirty-second point per 100 points ($7.8125 per
contract). Par shall be on the basis of 100 points. Contracts shall not be
made on any other price basis.
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Price Quote
|
Points ($1,000) and one
half of 1/32 of a point; i.e., 84-16 equals 84 16/32, 84-165 equals 84
16.5/32
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Contract Months
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|
Mar,
Jun, Sep, Dec
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Last Trading Day
|
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Seventh business day preceding the last business day of the delivery month.
Trading in expiring contracts closes at noon, Chicago time, on the last
trading day.
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Last Delivery Day
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Last
business day of the delivery month.
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Delivery Method |
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Federal Reserve book-entry wire-transfer system
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Trading Hours |
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Open
Auction: 7:20 am -
2:00 pm, Central
Time, Monday - Friday
Electronic: 6:00 pm
- 4:00 pm, Central
Time, Sunday - Friday
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Ticker Symbols
|
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Open
Auction: TY
Electronic: ZN
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Daily Price Limit
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None
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