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Interest RateZTCBOT (CME Group)
2-Year US Treasury Note
Category
Interest Rate
Exchange
CBOT (CME Group)
Contract Size
$200,000 face value of 2-year US Treasury notes
Symbol
ZT
About 2-Year US Treasury Note
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.
2-Year US Treasury Note Price Chart
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Contract Specifications
- Contract Size
- $200,000 face value of 2-year US Treasury notes
- Tick Size / Value
- 1/128 of a point = $15.625 per tick
- Exchange
- CBOT (CME Group)
Trading Hours
Sun 18:00 – Fri 17:00 ET with daily halt 17:00–18:00 ET.
Margin Notes
Day trading margins ~$300–$500. Exchange maintenance margin ~$800–$1,200.
More Interest Rate Futures
10-Year US Treasury Note
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Eurodollar (SOFR)
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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.
5-Year US Treasury Note
ZF · CBOT (CME Group)5-Year T-Note futures (ZF) are closely tied to Federal Reserve policy expectations and are actively used in yield curve spread trades (2s5s, 5s10s, 5s30s). They are favourite instruments for expressing views on the front-to-mid part of the Treasury curve.