ELX 2-Year Treasury Notes
Jump to navigation
Jump to search
| 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 |