Ultra 10-Year Note (UB) Futures Contract Specifications

What Are Ultra 10-Year Note (UB) Futures?

Ultra 10-Year Note Futures (UB) provide traders with exposure to the 10-year segment of the U.S. Treasury yield curve. These contracts allow for speculation on interest rate movements, portfolio hedging, or yield curve trading strategies.

Contract Size

Contract Size: $100,000 face value

Example: This contract size allows traders to gain exposure to interest rates with controlled leverage and risk.

Tick Value and Increment

  • Tick Size: 1/32 of a point
  • Tick Value: $31.25 per tick
  • Point Value: $1,000 per point

These specifications make Ultra 10-Year Note (UB) Futures suitable for traders seeking exposure to interest rates markets.

Trading Hours

Ultra 10-Year Note (UB) Futures trade with extended hours, providing flexibility for traders in different time zones.

  • Trading Hours: Sunday to Friday, 5:00 PM to 4:00 PM the following day
  • Time Zone: Central Time (CT)

Trading Symbol

Platform Symbol: UB

Margins

To trade Ultra 10-Year Note (UB) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.

Why Trade Ultra 10-Year Note (UB) Futures?

  • Direct exposure to the benchmark 10-year Treasury note segment
  • High liquidity and tight bid-ask spreads
  • Effective hedging tool for fixed income portfolios
  • Extended trading hours covering all global market sessions
  • Standardized contract specifications and regulated exchange

Position Sizing for Ultra 10-Year Note (UB) Futures

Proper position sizing is crucial when trading Ultra 10-Year Note (UB) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.

Position Size Calculator Example

For Ultra 10-Year Note (UB) Futures (UB):

  • Tick Size: 1/32 of a point
  • Tick Value: $31.25 per tick
  • Point Value: $1,000 per point

If you want to risk $500 with a 10-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 10 × 1,000 per point = $10

Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $10 = 50 contracts