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US TREASURY BOND FUTURES

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Trading Unit One U.S. Treasury bond having a face value at maturity of $100,000 or multiple thereof
Deliverable Grades U.S. Treasury bonds that, if callable, are not callable for at least 15 years from the first day of the delivery month or, if not callable, have a maturity of at least 15 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 bond ($1 par value) to yield 8 percent.
Price Quote Points ($1,000) and thirty-seconds of a point; for example, 80-16 equals 80 16/32
Tick Size
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