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2-Year Treasury Note (ZT) Futures Contract Specifications

What Are 2-Year Treasury Note (ZT) Futures?

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

Contract Size

Contract Size: Face value of $200,000

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: $15.625 per tick
  • Point Value: $2,000.00 per point

These specifications make 2-Year Treasury Note (ZT) Futures suitable for traders seeking exposure to treasuries markets.

Trading Hours

2-Year Treasury Note (ZT) 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: ZT

Margins

To trade 2-Year Treasury Note (ZT) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.

Why Trade 2-Year Treasury Note (ZT) Futures?

  • Exposure to the short end of the U.S. Treasury yield curve
  • High sensitivity to Federal Reserve policy actions
  • Effective hedging tool for short-duration interest rate risk
  • Lower margin requirements due to lower price volatility
  • Trading opportunities based on changing Federal Reserve interest rate expectations

Position Sizing for 2-Year Treasury Note (ZT) Futures

Proper position sizing is crucial when trading 2-Year Treasury Note (ZT) 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 2-Year Treasury Note (ZT) Futures (ZT):

  • Tick Size: 1/32 (or 0.015625) of a point
  • Tick Value: $15.625 per tick
  • Point Value: $2,000.00 per point

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

Risk per Contract = Stop Loss in Points × Point Value = 10 × 2,000.00 per point = $20

Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $20 = 25 contracts

Try our calculator for precise position sizing →
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