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30-Year Treasury Bond (ZB) Futures Contract Specifications

What Are 30-Year Treasury Bond (ZB) Futures?

30-Year Treasury Bond Futures (ZB) provide traders with exposure to long-term U.S. government debt. These contracts allow for speculation on long-term interest rates, hedging fixed income portfolios, or implementing yield curve trading strategies focused on the long end of the curve.

Contract Size

Contract Size: Face value of $100,000

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

Tick Value and Increment

  • Tick Size: 1/32 (or 0.015625) of a point
  • Tick Value: $31.25 per tick
  • Point Value: $1,000.00 per point

These specifications make 30-Year Treasury Bond (ZB) Futures suitable for traders seeking exposure to treasuries markets.

Trading Hours

30-Year Treasury Bond (ZB) Futures trade with extended hours, providing flexibility for traders in different time zones.

  • Trading Hours: Sunday to Friday, nearly 24 hours a day with a short break
  • Time Zone: Central Time (CT)

Trading Symbol

Platform Symbol: ZB

Margins

To trade 30-Year Treasury Bond (ZB) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.

Why Trade 30-Year Treasury Bond (ZB) Futures?

  • Exposure to the long end of the U.S. Treasury yield curve
  • High liquidity in the benchmark long-term Treasury contract
  • Effective hedging tool against long-duration interest rate risk
  • Trading opportunities based on Federal Reserve policy and inflation expectations
  • Standardized contract specifications and regulated exchange

Position Sizing for 30-Year Treasury Bond (ZB) Futures

Proper position sizing is crucial when trading 30-Year Treasury Bond (ZB) 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 30-Year Treasury Bond (ZB) Futures (ZB):

  • Tick Size: 1/32 (or 0.015625) of a point
  • Tick Value: $31.25 per tick
  • Point Value: $1,000.00 per point

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

Risk per Contract = Stop Loss in Points × Point Value = 10 × 1,000.00 per point = $10

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

Try our calculator for precise position sizing →
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