30-year bond futures contract
The minimum tick size for the 30-year (T-Bond) and Ultra T-Bond contracts is 1/32nd of one point ($31.25), 10-Year and Ultra 10-Year is half of 1/32 nd of one point ($15.625), 5-year is one-quarter of 1/32nd of one point ($7.8125), and 2-year is one-eighth of 1/32 nd of one point ($7.8125). Bond futures are contracts that entitle the contract holder to purchase a bond on a specified date at a price determined today. A bond future can be bought on a futures exchange based on a variety