U.S. Treasury bond having a face value at maturity of $100,000 or multiple thereof.
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
Minimum price fluctuations shall be in multiples of one-half of one thirty second point
per 100 points ($15.625 per contract) except for intermonth spreads, for which 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.
Points ($1,000) and one-half of 1/32 of a point; i.e., 80-16 equals 80-16/32, 80-165 equals
|Mar, Jun, Sep, Dec|
|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 Delivery Day|
business day of the delivery month.|
|Open Auction: 7:20 am - 2:00 pm, Chicago time, Monday - Friday|
Electronic: 5:30 pm -
4:00 pm, Chicago time, Sunday - Friday
Trading in expiring contracts closes at noon, Chicago time, on the last trading
|Open Auction: US|
Find information on margins requirements for the 30 Year U.S. Treasury Bonds.