Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
5-Year U.S. Treasury Note
Product Snapshot: 5-Year U.S. Treasury Note Futures
This product is based on the 5-Year U.S. Treasury Note, a negotiable debt obligation issued by the U.S. government and backed by its full faith and credit.
5-Year U.S. Treasury Note Futures provide a way to:
- Hedge interest rate risk at the mid-point of the yield curve
- Express a view on the direction of interest rates at the mid-point of the yield curve
- Execute a wide range of trading strategies including:
- Yield curve trades against other Treasury futures
- Spread trades against other CME Group Interest Rate products
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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 U.S. Treasury note having a face value at maturity of $100,000. U.S. Treasury notes with original term to maturity of not more than five years and three months and remaining term to maturity of not less than four years and two months 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. | ||
| Settle Method | Delivery | ||
| Point Size | 1 point = $1,000 | ||
| 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) |
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| 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 Trading in expiring contracts closes at noon, Central Standard Time, on the last trading day | ||
| Listed | All listed intervals | ||
| Product Codes | Clearing: 25 Open Outcry: FV Electronic: ZF | ||
| Minimum Block Size | |||
| Product Calendar | First five consecutive contracts in the Mar, Jun, Sep and Dec quarterly cycle View current product listings |
| Trade Unit | One U.S. Treasury note having a face value at maturity of $100,000. U.S. Treasury notes with original term to maturity of not more than five years and three months and remaining term to maturity of not less than four years and two months 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. | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 point = $1,000 | ||
| 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 Trading in expiring contracts closes at noon, Central Standard Time, on the last trading day | ||
| Listed | All listed intervals | ||
| Product Codes | Clearing: 25 Open Outcry: FV Electronic: ZF | ||
| Minimum Block Size | |||
| Product Calendar | First five consecutive contracts in the Mar, Jun, Sep and Dec quarterly cycle 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 | |
| SEP08 | 25U08 | 07/02/2007 |  |
09/30/2008 | 09/30/2008 |
| DEC08 | 25Z08 | 10/01/2007 | |
12/31/2008 | 12/31/2008 |
| MAR09 | 25H09 | 01/02/2008 | |
03/31/2009 | 03/31/2009 |
| JUN09 | 25M09 | 04/01/2008 | |
06/30/2009 | 06/30/2009 |
| SEP09 | 25U09 | 07/01/2008 | |
09/30/2009 | 09/30/2009 |
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.