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The Learn About Futures Insider for June 23, 2011: Treasury Notes

June 23, 2011 – Comments (0)

Treasury notes are debt obligations issued by the US Treasury. They are often viewed as a way to speculate in or hedge against future interest rate changes and are globally valued markets to use when trying to manage risk of the same.
2-year Treasury Notes

Contract Size: One U.S. Treasury note having a face value at maturity of $200,000.

Price Quote & Tick Size: Points ($2,000) and quarters of 1/32 of a point. For example, 109-16 represents 109 16/32, 109-162 represents 109 16.25/32, 109-165 represents 109 16.5/32, and 109-167 represents 109 16.75/32. Par is on the basis of 100 points. Minimum tick size is one-quarter of one thirty-second (1/32) of one point ($15.625, rounded up to the nearest cent per contract), including intermonth spreads.

Contract Months: March, June, September, December

Trading Specs: Trades open outcry and Globex (electronic) per the following schedule:
Electronic: SUN – FRI: 5:30 p.m. – 4:00 p.m. Central Time
Open Auction: MON – FRI: 7:20 a.m. – 2:00 p.m. Central Time

Daily Price Limit:  None as of publishing date, but it is wise to consult the exchange.

Trading Symbols: TU, ZT

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