What Are 5-Year U.S. Treasury Note Futures?
5-Year U.S. Treasury Note Futures (ZF) are futures contracts based on the value of U.S. Treasury notes with a maturity of five years. These contracts provide traders with exposure to intermediate-term U.S. government debt and are commonly used by institutional traders and investors to speculate on or hedge against changes in medium-term interest rates.
Contract Size
- Contract Size: $100,000 face value of 5-Year U.S. Treasury Notes.
Trading Hours
The 5-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 5-Year U.S. Treasury Note Futures an ideal choice for traders seeking liquidity, leverage, and exposure to medium-term U.S. interest rates.
Trading Symbol
- Platform Symbol: ZF
Margins
To trade 5-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 5-Year U.S. Treasury Note Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Widely used by institutional investors and fund managers to hedge against medium-term interest rate changes.
- Global Influence: U.S. Treasury note prices are crucial for tracking medium-term U.S. interest rates and are a key part of global financial markets.
- Flexibility: Suitable 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 ZF with Ironbeam
Ironbeam provides a robust trading platform and API to help you access 5-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.