Educational Resources For Trading Futures & Options

The following information provides basic contract specifications for the 10-year US Treasury Note futures contract.  Please feel free to contact us via Phone, Live Chat, or Email for any further inquiries.

The 10-year US Treasury Note was introduced by the CBOT in 1975 to provide a tool to hedge the actual cost of money.  Interest rate futures provide any individual the ability to hedge their risk accordingly with a fixed-income security.  There is one contract denomination available for trade:

SYMBOL:

•   TY has a face value at maturity of $100,000 or multiple thereof.
    The minimum price fluctuation is ½ of 1/32 ($15.625 per contract).                   
    (For example, 121-150 represents 121 and 15/32nds, and 121-155 represents 121 and   15.5/32nds.)                                                                                             
    Options are quoted in 1/64ths.

Maximum Daily Price Fluctuation is No Limits.

Contract Expiration:  Request Free Demo to gain access to our web-based trading platform.  From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.

Margin requirements are subject to change, and are required for open futures positions.

The 10-year US T-note is available for trade on CME and the CBOT.  Open outcry trading is available from 5:20AM PT through 12:00PM PT.  Electronic trading is conducted from 3:30PM PT through 2:00PM PT the next day.

Trading example:  If you purchase 1 contract of TY at 121-150 and the next day it moves to 121-270, you have a profit of $375.  Inversely, if the price dropped to 121-020 the next day, you would have a loss of $375.

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To make sense of the information provided and learn how to trade futures please read through our futures education.

This information is from sources believed to be reliable, but Expo Futures will not be held responsible for either its accuracy or completeness.  Please note that all times posted are in Pacific Standard Time and are subject to change.