| Bonds & Currencies
10 Year US Treasury Note Futures
One U.S. Treasury note having a
face value at maturity of $100,000 or multiple thereof. U.S.
Treasury notes maturing at least 6 1/2 years, but not more than 10
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. 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. 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. Contract Months
Mar, Jun, Sep, Dec.
U.S. Treasury Bond Futures
One U.S. Treasury bond having a
face value at maturity of $100,000 or multiple thereof. 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: 1/32 of a point
($31.25/contract); par is on the basis of 100 points. 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
British pound futures and
options on futures contracts
Traded at CME are designed to
reflect changes in the U.S. dollar value of the pound. Futures
contracts are quoted in U.S. dollars per pound, and call for
physical delivery at expiration. Exercised options contracts are
settled by the delivery of futures contracts
Canadian dollar futures and options on futures contracts
Traded at CME are designed to
reflect changes in the U.S. dollar value of the Canadian dollar.
Futures contracts are quoted in U.S. dollars per Canadian dollar,
and call for physical delive
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