These Futures Trading Facts are brought to you by:

THE CONSENSUS® DIRECTORY
OF FUTURES TRADING FACTS

U.S. TREASURY NOTES 5-Year -- U.S. TREASURY NOTES 10-Year

COMMODITY
TYPE 		 U.S. TREASURY NOTES 5-Year U.S. TREASURY NOTES 5-Year U.S. TREASURY NOTES 10-Year
EXCHANGE
NAME 		 CBT NYBT CBT
TRADING TIME
(CENTRAL) 		 7:20 - 2:00 7:20 - 2:00 7:20 - 2:00
DELIVERY
MONTHS 		 H,M,U,Z  H,M,U,Z  H,M,U,Z 
CONTRACT
UNIT 		 $100,000 face $250,000 face $100,000 face
PRICE
QUOTED IN 		 % pts. % pts. % pts.
MINIMUM
FLUCTUATION 		 1/64 pt 1/4 of 1/32 pt. 1/64 pt.
$VALUE OF 
MINIMUM TICK 		 15.62 7.8125 15.625
$VALUE OF 
1¢ MOVE 		 - - - - - -
MAX DAILY LIMITS
ABOVE OR BELOW
PREV CLS.¢ 		 none none none
MAX DAILY LIMITS
ABOVE OR BELOW
PREV CLS. $ 		 none none none
DAILY MAX. PERM
RANGE BET. DAY'S
HIGH & LOW ¢ 		 none none none
DAILY MAX. PERM
RANGE BET DAY'S
HIGH & LOW $ 		 none none none
LAST 
TRADE DAY 		 Business day prior to
last 7 business days		 Option day of the underlying
Treasury note		 Business day prior to
last 7 business days
FIRST 
DELIVERY DAY 		 1st business day Cash Settled 1st business day
NET MARGIN 
REQ INITIAL 		 945 1330 1350
NET MARGIN 
REQ MANT. 		 700 1000 1000
SPREAD MARGIN 
REQ INITIAL 		 Market 266 Market
SPREAD MARGIN 
REQ MANT. 		 Market 200 Market

KEY TO CONTRACT MONTHS

1st
Year		 Month 2nd
Year		 1st
Year		 Month 2nd
Year		 1st
Year		 Month 2nd
Year 
F January A K May E U September P 
G February B M June F V October R 
H March C N July L X November S 
J April D Q August O Z December T 
  • Minimum margin requirements have been recommended by the com. exchanges listed. Spread margins are intra-market only.
  • Consult your broker for changes that occur during spot months.
  • Contact your broker for individual brokerage hour margin requirements.
  • Contact your broker or the exchange for information on variable trading limits.
  • Price limitations are imposed by the various exchanges to prevent extreme price changes in any one day. When prices reach the trading limit, trading beyond that limit is stopped for that day. In nearly all markets, the Board of Directors of Governors has the power to change the limits in emergencies. in the current month, the limitations are broadened in certain futures contracts by permitting wider price ranges and in others by removing limitations entirely.
  • The above compilation includes all active commodities and their markets. The information contained herein is from sources believed to be reliable, but we cannot be held responsible for either its accuracy or completeness.
  • All information contained herein is subject to change by action of the respective commodity exchanges. We will make every effort to update any changes. We suggest that you direct any questions to the members of the exchanges. Those acting on this information are responsible for their own actions.

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    Copyright© CONSENSUS, Inc. 2001 

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