US 10 Year Treasury Note Futures

US 10 Year Treasury Note Futures Live Chart

About US 10 Year Treasury Note

10 Year T-note futures are traded on the Chicago Mercantile Exchange. It has debt obligation issued by the U.S. government that matures in 10 years. Each contract is for One U.S. Treasury note having a face value at maturity of $100,000.

A 10 Year Treasury note futures contract pays interest at a fixed rate once every six months and pays the face value to the holder at maturity. An advantage of investing in 10 Year Treasury notes is the interest payments are exempt from state and local income tax; however, they are still taxable at the federal level.

Take part in 10 Year T-Note futures allows a trader to assess directionality of interest rates as well the ability to hedge risk at the end of a yield curve. Participating in 10 Year T-Note futures can also allow one to use a variety of trading strategies like spread trading and trading against different Treasury futures.

10 Year Note Futures contracts exist for the months of March, June, September, and December quarterly cycle.