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In Regards to the Treasury Notes Futures Contract, Which of the Below

Question 23

Multiple Choice

In regards to the Treasury notes futures contract, which of the below statements is FALSE?


A) There are three Treasury note futures contracts: 10-year, five-year, and two-year.
B) For the Treasury notes futures contract, the delivery options granted to the short position and the minimum price fluctuation are different from the Treasury bond futures contract.
C) For the five-year Treasury note futures contract, the underlying is $100,000 par value of a 6% notional coupon U.S. Treasury note that satisfies the following condition: an original maturity of not more than five years and three months.
D) For the five-year Treasury note futures contract, the underlying is $100,000 par value of a 6% notional coupon U.S. Treasury note that satisfies the following condition: a remaining maturity no greater than five years and three months.

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