5-Year US Treasury Note

Eurodollar (SOFR)

SR3 · CME Globex

Three-Month SOFR futures replaced Eurodollar futures as the benchmark for short-term US interest rate derivatives. SOFR (Secured Overnight Financing Rate) is the Fed's preferred risk-free reference rate. SOFR futures are used to express views on Fed funds rate trajectory and for hedging short-term interest rate exposure.

30-Year US Treasury Bond

ZB · CBOT (CME Group)

30-Year T-Bond futures (ZB) track long-duration US Treasury bonds and are the most interest-rate-sensitive of the major bond futures. They are used for duration hedging, speculating on the long end of the yield curve, and expressing views on long-term inflation expectations.

2-Year US Treasury Note

ZT · CBOT (CME Group)

2-Year T-Note futures (ZT) are the most short-duration Treasury futures and are directly influenced by Federal Reserve rate decisions and dot plot projections. They are essential for trading the front end of the yield curve and expressing views on near-term Fed policy.

10-Year US Treasury Note

ZN · CBOT (CME Group)

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.