What Are Micro 5-Year Yield Futures?
Micro 5-Year Yield Futures (5YY) are futures contracts based on the yield of the 5-Year U.S. Treasury Note. These contracts provide traders with a direct and efficient way to speculate on or hedge movements in short- to intermediate-term interest rates. Yield futures allow exposure to changes in yield directly rather than focusing on the note’s price.
Contract Size
- Contract Size: $10 multiplied by the 5-Year U.S. Treasury Note yield.
Trading Hours
The Micro 5-Year Yield Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the interest rate futures market.
- Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT).
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: 0.005%.
- Tick Value: $0.50 per tick.
- Minimum Price Fluctuation: 0.005%.
This makes Micro 5-Year Yield Futures an excellent choice for precision trading in the interest rate market with smaller financial exposure.
Trading Symbol
- Platform Symbol: 5YY
Margins
To trade Micro 5-Year Yield Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Micro 5-Year Yield Futures?
- Direct Yield Exposure: Trade interest rate changes directly without relying on note prices.
- Accessibility: Lower margins and smaller contract size make 5YY accessible to retail traders.
- Flexibility: Manage risk with smaller contract sizes compared to standard interest rate futures.
- Liquidity: Benefit from consistent liquidity in the interest rate futures market.
- Hedging Opportunities: Hedge against changes in short- to intermediate-term U.S. interest rates effectively.
Start Trading 5YY with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Micro 5-Year Yield Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.