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.

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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


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