Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
30-Year U.S. Treasury Bond
Product Snapshot: 30-Year U.S. Treasury Bond Options
Options on U.S. Treasury futures convey the right, but not the obligation, to buy or sell the underlying Treasury futures contract for a given period of time at a pre-determined price.
Options on U.S. Treasury futures provide a way to:
- Hedge long-term interest rates with limited downside risk and maximum upside potential
- Express a view on the direction of interest rates at the long end of the yield curve
- Manage your delta risk by trading the liquid markets of the underlying futures contracts
- Execute a wide range of trading strategies including:
- Yield curve trades against other Treasury futures
- Spread trades against other CME Group Interest Rate products
Things to know:
- Trading takes place:
- On the CME Group trading floor during open outcry trading hours
- Electronically on the CME Globex platform
- Virtually around the clock, around the world
- Complete price transparency and anonymity
- CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
View free real-time quotes on a variety of electronically traded CME Group products
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
| Trade Unit | One 30-Year U.S. Treasury Bond futures contract of a specified delivery month | ||
| Settle Method | Delivery | ||
| Point Size | 1 point = $15.625 | ||
| Strike Price Interval | Quoted in points ($1,000/contract) to bracket the current 30 ¿Year bond futures price; for example, 91-16 represents 91 16/32,91-162 represents 91 16.25/32, 91-165 represents 91 16.5/32 and 91-167 reporesents 91 16.75/32 | ||
| Strike | |||
| Limits/Price Banding | No limits | ||
| Tick Size (Minimum Fluctuation) |
|
||
| Trading Hours | Sunday/Friday 5:30 p.m.-4:00 p.m. CT; Shutdown period from 4:00 p.m. to 5:00 p.m. nightly | ||
| Listed | All listed intervals | ||
| Product Codes | Clearing: 17 Open Outcry: CG/PG Globex: OZB | ||
| Minimum Block Size | |||
| Product Calendar | First three consecutive contract months (two serial expirations and one quarterly expiration) plus the next four months in the quarterly cycle (Mar, June, Sep, Dec). Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period. View current product listings |
| Trade Unit | One 30-Year U.S. Treasury Bond futures contract of a specified delivery month | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 point = $15.625 | ||
| Strike Price Interval | Quoted in points ($1,000/contract) to bracket the current 30 ¿Year bond futures price; for example, 91-16 represents 91 16/32,91-162 represents 91 16.25/32, 91-165 represents 91 16.5/32 and 91-167 reporesents 91 16.75/32 | ||
| Strike | |||
| Limits/Price Banding | No limits | ||
| Minimum Fluctuation |
|
||
| Trading Hours | Open Outcry: 7:20 a.m. to 2:00 p.m. CT, Monday - Friday | ||
| Listed | All listed intervals | ||
| Product Codes | Clearing: 17 Open Outcry: CG/PG Globex: OZB | ||
| Minimum Block Size | |||
| Product Calendar | First three consecutive contract months (two serial expirations and one quarterly expiration) plus the next four months in the quarterly cycle (Mar, June, Sep, Dec). Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period. View current product listings |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | 17V08 | 06/23/2008 |  |
09/26/2008 | 09/26/2008 |
| NOV08 | 17X08 | 07/28/2008 | |
10/24/2008 | 10/24/2008 |
| DEC08 | 17Z08 | 10/17/2007 | |
11/21/2008 | 11/21/2008 |
| MAR09 | 17H09 | 01/08/2008 | |
02/20/2009 | 02/20/2009 |
| JUN09 | 17M09 | 03/20/2008 | |
05/22/2009 | 05/22/2009 |
| SEP09 | 17U09 | 06/20/2008 | |
08/21/2009 | 08/21/2009 |
| DEC09 | 17Z09 | 08/25/2008 | |
11/20/2009 | 11/20/2009 |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.