What is U.S. TREASURY BOND FUTURES (ZB1!)?
U.S. TREASURY BOND FUTURES (ZB1!) is a futures contract traded on the CBOT and quoted in USD. It gives traders exposure to long-dated U.S. Treasury bonds, allowing them to speculate on or hedge against movements in long-term interest rates. As one of the most established interest-rate instruments, it's widely used by institutions and active traders to express views on the direction of government bond prices. On TradeSearcher, ZB1! is backed by over 3,000 backtests drawing on price data going all the way back to 1977, giving nearly five decades of history to test and validate trading strategies.