Micro Treasury futures

At 1/10 the size of classic Treasury contracts, Micro Ultra 10-Year and Micro Ultra T-Bond futures offer access to the same benchmark U.S. Treasury exposure with smaller margin requirements and tick sizes.

Micro sized

1/10 the notional value and risk of Treasury futures, allowing greater access to the world’s most liquid Treasury market.

Cash settled

Unlike classic contracts which are physically delivered, Micro Treasuries offer the simplicity of cash delivery.

Pinpoint exposure

Micros follow Ultra contracts which closely track 10-Year and 30-Year tenors.

The Treasuries you love, now in a smaller size

Micro Ultra 10 and Micro Ultra T-Bond futures bring enhanced trading and risk management to two key points on the Treasury curve. Trade them outright or use listed ICS between the two tenors, in place of or in conjunction with classic Treasury futures to refine your positions. Get precise exposure with less margin, smaller tick sizes and a DV01 more in line with shorter-dated securities.

More choice in how you manage 10Y and 30Y exposure

Article

Micro Treasury futures and Yield futures are both tailored for individual traders. Learn more about both products to see how to gain exposure to Interest Rate markets.

Key economic reports and factors that move markets

FOMC (Federal Open Markets Committee)

Meets 8 times a year on U.S. monetary policy and the key interest rate; any change will impact the markets.


U.S. Treasury Auctions

The U.S. Treasury regularly sells new U.S. treasuries at auction to finance public debt, which impacts supply and, in turn, price.


U.S. Employment Statistics

1st Friday of each month by the Bureau of Labor Statistics; gauges how many jobs the U.S. economy added /lost over last month. Increase indicates economic growth, is a key indicator for the Fed.


CPI (Consumer Price Index)

Mid-month by BLS; measures inflation or cost-of-living changes, tracking the average price of a basket of goods and services. Is a key driver of Fed policy.


Courses

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Take self-guided courses on Interest Rate products.

If you’re new to futures, the courses below can help you quickly understand the U.S. Treasury market to start trading.

8 modules
Introduction to Treasuries
Launch course

Contact an Interest Rate expert

Connect with a member of our Interest Rate team for more information about our products.

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