U.S. Treasury note having a face value at maturity of $100,000 or multiple thereof.
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.
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.
($1,000) and one-half of 1/32 of a point; i.e., 80-16 equals 80-16/32, 80-165 equals 80-16.5/32.
Jun, Sep, Dec|
|Last Trading Day|
|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.|
|Last business day of the delivery month.|
Reserve book-entry wire-transfer system|
|Open Auction: 7:20 am - 2:00 pm, Central Time, Monday - Friday|
Electronic: 5:30 pm -
4:00 pm, Central Time, Sunday - Friday
|Open Auction: TY|
|Daily Price Limit|
information on margins requirements for the 10 Year U.S. Treasury Notes Futures.