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U.S. Treasury
Bonds
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Contract Specs
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Futures
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Options
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Contract
Unit
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30 year contracts
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30 year contracts
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Price Quotation
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Points ($1,000)
and 1/32 of a point. For
example, 134-16 represents 134 16/32.
Par is on the basis of 100 points.
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Points ($1,000)
and 1/32 of a point. For
example, 134-16 represents 134 16/32.
Par is on the basis of 100 points.
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Trading
Hours
Globex
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Sunday - Friday:
5:00 p.m. - 4:00 p.m
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Sunday - Friday:
5:00 p.m. - 4:00 p.m.
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Trading Hours
Open Outcry
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n/a
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Monday - Friday:
7:20 a.m. - 2:00p.m.
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Min Price
Fluctuation
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One thirty-second
(1/32) of one point
($31.25), except for intermonth spreads,
where the minimum price fluctuation
shall be one-quarter of one thirty-second
of one point ($7.8125 per contract).
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1/64 of a point
($15.625/contract),
rounded up to the nearest cent/contract.
For cabinet transactions only, minimum
tick sizes range from $1.00 to $15.00, in
$1.00 increments per option contract.
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Symbol
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US
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US
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Contract
Months
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March ( H)
June ( M )
September (
U )
December (
Z )
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March ( H)
June ( M )
September (
U )
December (
Z )
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Settle
Method
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Financially
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Financially
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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
12:01 p.m. on the last trading day.
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Unexercised
options shall expire at 7:00
p.m. on the last day of trading.
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TAS
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N/A
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N/A
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Settlement
Procedure
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Exchange
Rulebook
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Price Limit
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Grade &
Quality
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U.S. Treasury
bonds that have remaining
term to maturity of at least 15 years and
less than 25 years from the first day of
the futures delivery month.* The delivery
invoice amount equals the futures
settlement price times a conversion
factor, plus accrued interest. The
conversion factor is the price of the
delivered bond ($1 par value) to yield 6
percent.
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U.S. Treasury
bonds that have remaining
term to maturity of at least 15 years and
less than 25 years from the first day of
the futures delivery month.* The delivery
invoice amount equals the futures
settlement price times a conversion
factor, plus accrued interest. The
conversion factor is the price of the
delivered bond ($1 par value) to yield 6
percent.
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DISCLAIMER: This information is not to be construed
as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual
information of this report has been obtained from sources believed to be reliable, but is not necessarily
all-inclusive and is not guaranteed as to the accuracy,
and is not to be construed as representation by our firm. The risk of loss when trading futures and options is substantial. Each investor must consider whether
this is a suitable investment. Past performance isnot indicative of future results.
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