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Futures Contract Specifications

The 30 Year T-Bond futures contract specifications tell you how the 30 Year T-Bond futures futures trade, not how to trade to 30 Year T-Bond futures. Before you consider opening a futures account, you should consult with a licensed futures broker.

30 YR T-BOND FUTURES

Contract Size

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 6 percent.

Tick Size

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.

Price Quote

Points ($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.

Contract Months
Mar, 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 Delivery Day
Last business day of the delivery month.
Trading Hours
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 day
Ticker Symbols
Open Auction: US
Electronic: ZB
Daily Price Limit
None
Margin Information

Find information on margins requirements for the 30 Year U.S. Treasury Bonds.

Click here to contact a commodities broker with experience in the 30 YR T-Bond market.