CME Group 30-Year U.S. Treasury bonds
From MarketsWiki
| This page is sponsored by... |
 |
| 30-year U.S. Treasury bond futures | ||
|---|---|---|
| Exchange | CME Group | |
| Settlement | Cash settled | |
| Trade Unit | One U.S. Treasury bond having a face value at maturity of $100,000. 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. | |
| Point Value | Need point value! | |
| Tick Value | 1/32 point -- $31.25/contract per 100 points per contract (on March 3, 2008, tick size will be halved to 1/64 point or $15.625/contract[1]) except for intermonth spreads, where minimum price fluctuation is in multiples of one-quarter of 1/32 point per 100 points -- $7.8125/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, Chicago time, Monday - Friday; trading in expiring contracts closes at noon, Chicago time, on the last trading day | 6:00 pm - 4:00 pm, Chicago time, Sunday - Friday; trading in expiring contracts closes at noon, Chicago time, on the last trading day |
| Ticker Symbol | US | ZB |
| Price Limits | None | None |
| 30-year U.S. Treasury bond 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 | The first 3 consecutive contract months (2 serial expirations and one quarterly expiration) plus the next 4 months in the quarterly cycle (Mar, Jun, Sep, Dec). Always be 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 | Trading for put and call options with striking prices in integral multiples of one (1) point per U.S. Treasury bond futures contract. If 30-Year T-bond futures are at 92-100, 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. Chicago Time on the last day of trading | |
| Open Outcry | Electronic | |
| Trading Hours | Open Auction: 7:20 am - 2:00 pm, Chicago Time, Monday - Friday | 6:02 p.m. - 4:00 p.m. Chicago Time, Sunday - Friday |
| Ticker Symbol | CG for calls, PG for puts | OZBC for calls, OZBP for puts |
| Price Limits | None | None |
Contents |
Notes
Also See
CME Group interest rate products
References
- ↑ "CME Group Delivers Merger Benefits to the Market Through Upcoming Technology Upgrades and Product Enhancements”. CME Group. Retrieved on Jan. 9, 2008.
