Micro Ultra T-Bond futures are smaller versions of the Ultra T-Bond futures contract, a product that was built to address marketplace demand for a futures contract more closely tied to Treasury bonds, which are at the 30-year maturity point on the Treasury yield curve.
Latest Interest Rates news
Features and benefits
Pinpoint Treasury bond exposure
Access 30-year Treasury bond exposure with a contract linked to Ultra Bond futures.
Smaller size for greater precision
Contracts are 1/10 the size ($10,000 notional value) of underlying Ultra Bond futures.
Improved yield curve trading
Listed ICS against Micro Ultra 10-Year futures allows for curve trades in a smaller size.
Accessible contracts
A DV01 at 1/10 the size of Ultra Bond futures provides greater access for more investors.
Explore this product in depth
Review contract highlights
Contract Unit
Face value at maturity of $10,000
Price Quotation
Points and fractions of points with par on the basis of 100 points
Product Code
CME Globex: MWN
CME ClearPort: MWN
Clearing: MWN
Trading Hours
CME Globex:
Sunday - Friday 6:00 p.m. - 5:00 p.m.ET
INTEREST RATES
Stay on top of market-moving events and product news
Get monthly updates, market trends, new research, tools, and more delivered straight to your inbox.
Courses
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.
Contact an Interest Rate expert
Connect with a member of our Interest Rate team for more information about our products.
