What Are 10-Year U.S. Treasury Note Futures?
10-Year U.S. Treasury Note Futures (ZN) are one of the most widely traded government bond futures contracts. These contracts provide traders with exposure to long-term U.S. Treasury debt and are often used to speculate on or hedge against changes in interest rates. The ZN contract is a key instrument for those looking to manage risk related to changes in the yield curve.
Contract Size
- Contract Size: $100,000 face value of 10-Year U.S. Treasury Notes.
Trading Hours
The 10-Year U.S. Treasury Note 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: 1/32nd of a point.
- Tick Value: $31.25 per tick.
- Minimum Price Fluctuation: 1/32nd of a point.
This makes 10-Year U.S. Treasury Note Futures an ideal choice for traders seeking liquidity, leverage, and exposure to U.S. interest rates.
Trading Symbol
- Platform Symbol: ZN
Margins
To trade 10-Year U.S. Treasury Note Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade 10-Year U.S. Treasury Note Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Widely used by institutional investors to hedge against interest rate risk.
- Global Influence: U.S. Treasury note prices are a key indicator of long-term U.S. interest rates.
- Flexibility: Ideal for both short-term trading strategies and long-term portfolio hedging.
- Diversification: Add exposure to the bond market to complement equity or commodity investments.
Start Trading ZN with Ironbeam
Ironbeam provides a robust trading platform and API to help you access 10-Year U.S. Treasury Note 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.