| Items |
Specifications |
| Exchange |
CME-CBOT |
| Underlying Stock Index |
30 Year U.S. Treasury Bond |
| Contract Size |
One U.S. Treasury bond having a face value at maturity of $100,000 or multiple thereof. |
| Minimum Price Fluctuation |
Minimum price fluctuations shall be in multiples of one thirty-second (1/32) point per 100 points ($31.25 per contract) except for intermonth spreads, where minimum price fluctuations shall be in multiples of one-fourth of one-thirty-second point per 100 points ($7.8125 per contract). Par shall be on the basis of 100 points. Contracts shall not be made on any other price basis. |
| Contract Month |
Mar, Jun, Sep, Dec |
| Daily Price Limits |
None |
| Trading Hrs |
Open Auction: 9:20pm - 4am
Electronic: 7:30am - 6am |
| Trading Hours on Last Trading Day |
Trading in expiring contracts closes at noon, Chicago time, (Singapore Time: 1am) on the last trading day |
| Last Trading Day |
Seventh business day preceding the last business day of the delivery month. Trading in expiring contracts closes at noon, Chicago time, (Singapore Time: 1am) on the last trading day. |
| Final Settlement |
Last business day of the delivery month.
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. |
| Close |
