6% Coupon Change
Amplifying 8% to 6% Implications
| Contract Size |
|
One U.S. Treasury note having a face value at maturity of $100,000 or multiple thereof. |
| Deliverable Grades |
|
U.S. Treasury notes that have an original maturity of not more than 5 years and 3 months and a remaining maturity of not less than 4 years and 2 months as of 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 note ($1 par value) to yield 6 percent. |
| Tick Size |
|
Minimum price fluctuations shall be in multiples of one-quarter of one thirty-second point per 100 points ($7.8125 per contract), including intermonth spreads. Par shall be on the basis of 100 points. Contracts shall not be made on any other price basis. |
| Price Quote |
|
Points ($1,000) and one-quarter of 1/32 of a point; for example, 84-16 equals 84-16/32, 84-162 equals 84-16.25/32, 84-165 equals 84-16.5/32, and 84-167 equals 84-16.75/32. |
| Contract Months |
| Mar, Jun, Sep, Dec |
| Last Trading Day |
|
Last business day of the expiring contract's named expiration month |
| Last Delivery Day |
| The third business day following the last trading day. |
| Delivery Method |
| Federal Reserve book-entry wire-transfer system |
| Trading Hours |
| Open Auction: 7:20 am - 2:00 pm, Central Standard Time, Monday - Friday Electronic: 5:30 pm - 4:00 pm, Central Standard Time, Sunday - Friday Trading in expiring contracts closes at noon, Central Standard Time, on the last trading day |
| Ticker Symbols |
| Open Auction: FV Electronic: ZF |
| Daily Price Limit |
| None |
| Margin Information |
| Find information on margins requirements for the 5 Year U.S. Treasury Notes Futures. |
| Subscriptions