CME Interest Rates Futures — Full Contract List
Every interest rates futures contract we cover on CME Group exchanges — contract sizes, tick values, settlement type and trading months, in one sortable reference table.
The Treasury complex plus the short-term rate contracts. Treasuries are quoted in 32nds of a point; SOFR and Fed Funds are quoted as 100 minus the rate.
6 contracts
Benchmarks first, then the smaller sizes| Contract | Size | Per tick |
|---|---|---|
| Three-Month SOFR SR3 · CME | $2,500 × contract-grade IMM Index | $6.25 / $12.50 |
| U.S. Treasury Bond ZB · CBOT | $100,000 face value | $31.25 |
| 5-Year U.S. Treasury Note ZF · CBOT | $100,000 face value | $7.8125 |
| 10-Year U.S. Treasury Note ZN · CBOT | $100,000 face value | $15.625 |
| 30-Day Federal Funds ZQ · CBOT | $5,000,000 face value | $10.4175 / $20.835 |
| 2-Year U.S. Treasury Note ZT · CBOT | $200,000 face value | $7.8125 |
Linked contract names have a full specification page of their own; the rest are covered here. Contract details are re-stated from CME Group's published specifications — confirm current terms with your broker or the exchange.
Contract notes
Three-Month SOFR (SR3)
Priced as 100 minus the expected rate, so 96.50 implies 3.50%. The successor to Eurodollar futures.
U.S. Treasury Bond (ZB)
The long end. Larger tick value than ZN because the full 1/32 is the minimum increment.
10-Year U.S. Treasury Note (ZN)
The benchmark of the Treasury complex. Quoted in points and 32nds — a price of 110'16 means 110 and 16/32.
30-Day Federal Funds (ZQ)
The contract underlying CME's FedWatch tool — the market's implied probabilities of Fed rate moves are derived from ZQ pricing.
2-Year U.S. Treasury Note (ZT)
Twice the face value of the other notes, at $200,000.