CME Group 5-Year Note Futures

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5-Year U.S. Treasury Notes Futures futures
Exchange CME Group
Settlement Physically delivered
Contract Size One U.S. Treasury note having a face value at maturity of $100,000. U.S. Treasury notes with remaining term to maturity of at least one and three quarters years, but not more than 2 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 note ($1 par value) to yield 6 percent.
Pricing Unit $15.625. Points and fractions of points with par on the basis of 100 points.
Tick Value One-quarter of one thirty-second (1/32) of one point ($7.8125, rounded to the nearest cent per contract), including intermonth spreads.
Contract Months The first three consecutive contracts in the March, June, September, and December quarterly cycle.
Last Trading Day Last business day of the calendar month. Trading in expiring contracts closes at 12:01 p.m. on the last trading day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A SUN - FRI: 5:00 p.m. - 4:00 p.m.
Ticker Symbol N/A CME Globex: ZF

CME ClearPort: 25 Clearing: 25

Price Limits N/A Price Limits
 
5-Year U.S. Treasury Notes Futures options
Trade Unit One 5-Year U.S. Treasury Note futures contract of a specified delivery month.
Point Value Points and fractions of points with par on the basis of 100 points
Tick Value One-half of 1/64 of a point ($7.8125/contract), rounded to the nearest cent/contract. For cabinet transactions only, minimum tick sizes range from $1.00 to $7.00, in $1.00 increments per option contract. (One-half of 1/64 of a point ($7.8125/contract), rounded to the nearest cent/contract. For cabinet transactions only, minimum tick sizes range from $1.00 to $7.00, in $1.00 increments per option contract.)
Option Months At least four consecutive contract months (three serial expirations and one quarterly expiration) plus the next two months in the March, June, September, and December quarterly cycle. Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period.
Strike Prices Strike prices will be listed in increments of one-quarter of one point. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next thirty consecutive higher and the next thirty consecutive lower strike prices.
Exercise Style American-style. The buyer of an option may exercise the option on any business day prior to expiration by giving notice to CME Clearing by 6:00 p.m. Options that expire in-the-money after the close on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing by 6:00 p.m.
  Open Outcry No Electronic Market
Trading Hours MON - FRI: 7:20 a.m. - 2:00 p.m. SUN-FRI: 5:00 p.m. - 4:00 p.m.
Ticker Symbol Open Outcry: Put: FP Call: FL CME Globex: OZF

CME ClearPort: 25

Clearing: 25

Price Limits Price Limits Price Limits

Notes

Resources

CME Group 5-Year T-Note Futures Contract Specs

CME Group US Treasury Futures