CME Group 10-Year U.S. Treasury notes
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| 10-year U.S. Treasury notes futures | ||
|---|---|---|
| Exchange | CME Group | |
| Settlement | Cash settled | |
| Trade Unit | One U.S. Treasury note having a face value at maturity of $100,000. 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%. | |
| Point Value | Points ($1,000) and one-half of 1/32 of a point; i.e., 84-16 equals 84-16/32, 84-165 equals 84-16.5/32 | |
| Tick Value | multiples of one-half of 1/32 point per 100 points -- $15.625 -- except for intermonth spreads, where minimum price fluctuations is in multiples of one-fourth of 1/32 point per 100 points -- $7.8125. Values are rounded up to the nearest cent/contract. | |
| 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. | |
| Open Outcry | No Electronic Market | |
| Trading Hours | 7:20 am - 2:00 pm, Central Time, Monday - Friday | 6:00 pm - 4:00 pm, Central Time, Sunday - Friday |
| Ticker Symbol | TY | ZN |
| Price Limits | None | None |
| 10-year U.S. Treasury notes options | ||
| Trade Unit | One futures contract | |
| Point Value | Need point value! | |
| Tick Value | $15.625/contract (1/64 of a point rounded up to the nearest cent/contract.) | |
| Option Months | First 3 consecutive contract months (two serial expirations and one quarterly expiration) plus the next 4 months in the quarterly cycle (Mar, Jun, Sep, Dec). Always 7 months available for trading. Serials exercise into the first nearby quarterly futures contract. Quarterlies exercise into futures contracts of the same delivery period. | |
| Strike Prices | 1 point ($1,000/contract) to bracket the current T-note futures price. If 10-year T-note futures are at 92-00, strike prices may be set at 89, 90, 91, 92, 93, 94, 95, etc. | |
| Option Expiration Day | Unexercised options expire at 7:00 p.m. Central Time on the last day of trading. | |
| Open Outcry | Electronic | |
| Trading Hours | 7:20 am - 2:00 pm, Central Time, Monday - Friday | 6:02 pm - 4:00 pm, Central Time, Sunday - Friday |
| Ticker Symbol | TC for calls, TP for puts | OZN for calls, OZNP for puts |
| Price Limits | None | None |
Notes
Also See
CME Group interest rate products
