CME Group 30-Year U.S. Treasury bonds

30-year U.S. Treasury bond Futures	30-year U.S. Treasury bond Futures 	30-year U.S. Treasury bond Futures
Contract Unit 	Face value at maturity of $100,000 	Face value at maturity of $100,000
Price Quotation 	Points and fractions of points with par on the basis of 100 points 	Points and fractions of points with par on the basis of 100 points
Trading Hours 	CME Globex: 	SUN - FRI: 5:00 p.m. - 4:00 p.m.
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 	1/32 of a point = $31.25
Calendar spreads: one-quarter of 1/32 of a point = $7.8125" 	1/32 of a point = $31.25
Calendar spreads: one-quarter of 1/32 of a point = $7.8125"
Product Code 	CME Globex: ZB
CME ClearPort: 17
Clearing: 17 	CME Globex: ZB
CME ClearPort: 17
Clearing: 17
Listed Contracts 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 quarters 	Quarterly contracts (Mar, Jun, Sep, Dec) listed for 3 quarters
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	Trading terminates at 12:01 p.m. CT on the 7th business day prior to the last business day of the contract month.	Trading terminates at 12:01 p.m. CT on the 7th business day prior to the last business day of the contract month.
Settlement Procedures 	Treasury Settlement Procedures 	Treasury Settlement Procedures
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 18 	CBOT 18
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
All or None Minimum 	All or None Minimum 	All or None Minimum
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Delivery Procedure 	Federal Reserve book-entry wire-transfer system. 	Federal Reserve book-entry wire-transfer system.
Last Delivery Date 	Last business day of the delivery month. 	Last business day of the delivery month.
Grade and Quality 	U.S. Treasury bonds that have remaining term to maturity of at least 15 years and less than 25 years from the first day of the futures delivery month.* The delivery invoice amount 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.
*For more information, please refer to T-Bond Basket Gap Decision."	U.S. Treasury bonds that have remaining term to maturity of at least 15 years and less than 25 years from the first day of the futures delivery month.* The delivery invoice amount 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.
*For more information, please refer to T-Bond Basket Gap Decision."
																									
30-year U.S. Treasury bond Options	30-year U.S. Treasury bond Options 	30-year U.S. Treasury bond Options
Minimum Price Fluctuation 	1/64th of a point ($15.625) 	1/64th of a point ($15.625)
Trading Hours 	CME Globex: 	Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT
Trading Hours 	Open Outcry: 	MON - FRI: 7:20 a.m. - 2:00 p.m.
Trading Hours 	CME CLearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code 	CME Globex: ZB1,ZB2,ZB3,ZB4,ZB5
CME ClearPort: US1,US2,US3,US4,US5
Open Outcry: US1,US2,US3,US4,US5
Clearing: US1,US2,US3,US4,US5 	CME Globex: ZB1,ZB2,ZB3,ZB4,ZB5
CME ClearPort: US1,US2,US3,US4,US5
Open Outcry: US1,US2,US3,US4,US5
Clearing: US1,US2,US3,US4,US5
Listed Contracts 	First 24 calendar months. 	First 24 calendar months.
Termination of Trading 	Default: 	Week 1 - 1st Friday of the month
Week 2 - 2nd Friday of the month
Week 3 - 3rd Friday of the month
Week 4 - 4th Friday of the month
Week 5 - 5th Friday of the month
Unexercised options shall expire at 7:00 p.m. CT on the last trading day
Termination of Trading 	Mid-Curve: 	A given Friday that is not also the last trading day of a monthly serial or quarterly Treasury option. If such a Friday is the last trading day of a monthly serial or quarterly Treasury option, there will be no Weekly Treasury option listed for trading for that expiration date.
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT Chapter 18A 	CBOT Chapter 18A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures 	Strike prices will be listed in increments of one-half of one point for all weekly expirations. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next forty (40) consecutive higher and the next forty (40) consecutive lower strike prices.	Strike prices will be listed in increments of one-half of one point for all weekly expirations. The minimum strike price range will include the at-the-money strike price closest to the current futures price plus the next forty (40) consecutive higher and the next forty (40) 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., CT. Options that expire in-the-money on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing. 	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., CT. Options that expire in-the-money on the last trading day are automatically exercised, unless specific instructions are given to CME Clearing.
Settlement Method 	Deliverable 	Deliverable
Underlying 	U.S. Treasury Bond Futures 	U.S. Treasury Bond Futures
== Notes ==
== Also See ==
*CME Group interest rate products
== References ==
== Resources ==
CME Group Web site
U.S. Treasury Bond Contract Specs
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