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Contact Specifications | Trade Futures

10 YEAR U.S NOTES FUTURES

back-4503611 forward-1423537

Trading Unit One U.S. Treasury note having a face value at maturity of $100,000 or multiple thereof  
Deliverable Grades

  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 8 percent.  
Price Quote

  Points ($1,000) and thirty-seconds of a point; for example, 82-16 equals 82 16/32  
Tick Size

1/32 of a point ($31.25/contract); par is on the basis of 100 points  
Daily Price Limit

3 points ($3,000/contract) above or below the previous days settlement price (expandable to 4 1/2 points). Limits are lifted the second business day preceding the first day of the delivery month.  
Contract Months

Mar, Jun, Sep, Dec  
Delivery Method

Federal Reserve book-entry wire-transfer system  
Last Trading Day

  Seventh business day preceding the last business day of the delivery month  
Last Delivery Day

Last business day of the delivery month  
Trading Hours

7:20 a.m. – 2:00 p.m. Chicago time, Mon-Fri. Project AŽ Afternoon session hours are 2:30 – 4:30 p.m. Chicago time, Mon-Thu and the Project AŽ Overnight* session hours are from 5:55 p.m. – 6:45 a.m., Sun-Thu. Trading in expiring contracts closes at noon on the last trading day.  
Ticker Symbol

TY

TOP

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