Trading Unit: 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 3 months as of the first business day of the delivery month. The 5-year Treasury note issued after the last trading day of the contract month will not be eligible for delivery into that month's contract. The invoice price equals the futures settlement price times a conversion factor accrued interest. 'The conversion factor is the price of the delivered note ($ 1 par value) to yield 8 percent.

Price Quote: Points ($ 1,000) and one half of 1/32 of a point; i.e., 84-16 equals 84 16/32, 84-165 equals 84 16.5/32.

Tick Size: One half of 1/32 of a point ($15.625/contract) rounded up to the nearest cent; par is on the basis of 100 points

Daily Price Limit: 3 points ($3,000/contract) above or below the previous day's settlement price (expandable to 41/2 pnts). Limits are lifted the second business day preceding the first day of the delivery month.

Contract Months: Mar, Jun, Sep, Dec

Delivery Method: Federal Reserve book-entry wire transfer system

Last Trading Day: Seventh business day preceding the last business day of the delivery month

Last Delivery Day: Last business day of the delivery month

Trading Hours: 7:20 a.m. - 2:00 p.m. Chicago time, Mon- Fri. Evening trading hours are 5:20 - 8:05 p.m. (CST) or 6:20 - 9:05 p.m. (CDST'), Sun-Thu. Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbol: FV

Click here for previous page
Click here for Campbell Harvey's Home Page