Contract Size

One U.S. Treasury bond having a face value at maturity of $100,000 or multiple thereof.

Deliverable Grades

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.

Tick Size

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.

Price Quote

Points ($1,000) and thirty-seconds of a point; for example, 80-16 equals 80 16/32

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 noon, Chicago time, on the last trading day.

Last Delivery Day

Last business day of the delivery month.

Trading Hours

Open Auction: 7:20 am - 2:00 pm, Chicago time, Monday - Friday Electronic: 6:00 pm - 4:00 pm, Chicago time, Sunday - Friday Trading in expiring contracts closes at noon, Chicago time, on the last trading day

Ticker Symbols

Open Auction: US Electronic: ZB

Daily Price Limit

None

Margin Information

Find information on margins requirements for the 30 Year U.S. Treasury Bonds.

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