For the T-bond contract, any Treasure bond that has at least 15 years to the nearest call date or to maturity (if non-callable) can be used for delivery.
对于国债期货,任何距最近的赎回日或到期日(假如不可赎回)长达至少15年的国债可用于交割。
2
High Yield bonds are usually non-callable for about half of life of the bond;