ELX 30-Year Treasury Bonds

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30-year U.S. Treasury bonds futures
Exchange ELX Futures
Settlement Cash settled
Contract Size One U.S. Treasury bond having face value at maturity of $100,000.

December 2010 contract - 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 remaining term to 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.

March 2011 and all subsequently listed contracts - U.S. Treasury bonds that, if callable, are not callable for at least 15 years from the first day of the delivery month and have maturities less than 25 years or, if not callable, have a remaining term to maturity of at least 15 years and less than 25 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.

Pricing Unit Points ($1,000) and halves of 1/32 of a point. For example, 105-16 represents 105 16/32, and 105-165 represents 105 16.5/32.
Tick Value The minimum price fluctuation shall be one half of one thirty-second (1/32) of one point ($15.625 rounded up to the nearest cent per contract) except for inter-month spreads, where the minimum price fluctuation shall be one quarter of one thirty-second of one point ($7.8125 per contract). Par shall be on the basis of 100 points.
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 1:01 p.m. ET on the last trading day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 6:00 pm - 5:00 pm, Eastern Time, Sunday - Friday
Ticker Symbol N/A ZBe
Price Limits N/A N/A

Notes

Also See

ELX Futures, L.P.