ELX 2-Year Treasury Notes

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2-year U.S. Treasury notes futures
Exchange ELX Futures
Settlement Cash settled
Contract Size One U.S. Treasury note having face value at maturity of $200,000. U.S. Treasury notes with original term to maturity of not more than 5 years and 3 months, and remaining term to maturity of not less than 1 years and 9 months as of the first day of the delivery month, and remaining term to maturity of not more than 2 years from the last 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 ($2,000) and quarters of 1/32 of a point. For example, 101-16 represents 101 16/32, 101-162 represents 101 16.25/32, 101-165 represents 101 16.5/32 and 101-167 represents 101 16.75/32.
Tick Value The minimum price fluctuation shall be one quarter of one thirty-second (1/32) of one point ($15.625 rounded up to the nearest cent 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 ZTe
Price Limits N/A N/A


Also See[edit]

ELX Futures, L.P.