U.S. Treasury note having a face value at maturity of $100,000 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 4 years and 2 months
as of 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-quarter of one thirty-second point
per 100 points ($7.8125 per contract), including intermonth spreads. Par shall be on the basis of 100 points. Contracts shall
not be made on any other price basis.
Points ($1,000) and one-quarter of 1/32 of a point; for example, 84-16 equals 84-16/32,
84-162 equals 84-16.25/32, 84-165 equals 84-16.5/32, and 84-167 equals 84-16.75/32.
|Mar, Jun, Sep, Dec |
|Last Trading Day|
business day of the expiring contract's named expiration month
|Last Delivery Day|
|The third business day following
the last trading day.|
|Federal Reserve book-entry wire-transfer system|
|Open Auction: 7:20 am - 2:00 pm,
Central Standard Time, Monday - Friday|
Electronic: 5:30 pm - 4:00 pm, Central Standard Time, Sunday - Friday
in expiring contracts closes at noon, Central Standard Time, on the last trading day
|Open Auction: FV|
|Daily Price Limit|
|Find information on margins requirements for the 5 Year U.S. Treasury Notes Futures.|