Open Outcry: US
Project A: ZB
One U.S. Treasury bond having a face value at maturity of $100,000 or multiple there of
Mar, Jun, Sep, Dec
Points ($1,000) and thirty-seconds of a point; for example, 80-16 equals 80 16/32
1/32 of a point ($31.25/contract); 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 4 1/2 points). Limits are lifted the second
business day preceding the first day of the delivery month.
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
T-Bond Futures Trading Hours
7:20 a.m. - 2:00 p.m. Chicago time, Mon-Fri.
Afternoon session 2:15 - 4:30 p.m., Chicago time, Mon-Thu
Overnight session 6:00 p.m. - 5:00 a.m., Chicago time, Sun-Thu
Day session 5:30 a.m. - 2:00 p.m., Chicago time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.