10-Year US Treasury Note
Category
Interest Rate
Exchange
CBOT (CME Group)
Contract Size
$100,000 face value of 10-year US Treasury notes
Symbol
ZN
About 10-Year US Treasury Note
10-Year T-Note futures (ZN) are the most actively traded interest rate futures in the world. They track the benchmark 10-year US Treasury yield, which influences everything from mortgage rates to equity valuations. Bond traders, macro strategists, and rate speculators all use ZN to express views on the direction of US interest rates and the Federal Reserve's policy path.
10-Year US Treasury Note Price Chart
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Contract Specifications
- Contract Size
- $100,000 face value of 10-year US Treasury notes
- Tick Size / Value
- 1/64 of a point = $15.625 per tick (half-tick: 1/128 = $7.8125)
- Exchange
- CBOT (CME Group)
Trading Hours
Sun 18:00 – Fri 17:00 ET with daily halt 17:00–18:00 ET. Pit session 07:20–14:00 CT.
Margin Notes
Day trading margins ~$400–$800. Exchange maintenance margin ~$2,000–$2,500.
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