What is 10 Year T-Note Futures (ZN1!)?
10 Year T-Note Futures (ZN1!) is a futures contract traded on the CBOT (Chicago Board of Trade), quoted in USD. These contracts track the price of the U.S. Treasury 10-year note, a benchmark government debt security widely used to hedge or speculate on interest-rate movements. As a deeply liquid instrument, ZN1! is a cornerstone of the fixed-income market and closely watched as a gauge of longer-term rate expectations. TradeSearcher has run over 3,000 backtests on 10 Year T-Note Futures, drawing on price history dating back to 1982.