CBOT U.S. Treasury note having a face value at maturity of $200,000 or multiple thereof.|
|U.S. Treasury notes that have
an original maturity of not more than 5 years and 3 months and a remaining maturity of not less than 1 year and 9 months from
the first day of the delivery month but not more than 2 years from the last 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-quarter of one thirty-second (1/32)
point per 100 points ($15.625 rounded up to the nearest cent per contract). Par shall be on the basis of 100 points.
Contracts shall not be made on any other price basis.
Points ($2,000) and one quarter of 1/32 of a point;
for example, 91-16 equals 91 16/32, 91-162 equals 91 16.25/32, 91-165 equals 91 16.5/32, and 91-167 equals 91 16.75/32
Jun, Sep, Dec |
|Last Trading Day|
The last business day of the calendar month. Trading in expiring contracts closes
at noon, Chicago time, on the last trading day.
|Third business day following the last trading
|Federal Reserve book-entry wire-transfer system|
|Open Auction: 7:20 am - 2:00 pm, Central Time, Monday
Electronic: 5:30 pm - 4:00 pm, Central Time, Sunday - Friday
Open Auction: TU
|Daily Price Limit|
|Find information on margins requirements for the 2 Year U.S. Treasury Notes Futures.|