ZN futures: tick size, tick value and contract specs
10-Year T-Note (ZN) trades on CBOT. One tick is 0.015625 (1/64 of a point) and is worth $15.625 per contract; one point is 64 ticks, worth $1,000.
Tick size
0.015625 (1/64 of a point)
Tick value
$15.625
Point value
$1,000
Ticks per point
64
Exchange
CBOT
Settlement
Physical delivery
Contract months
Quarterly · H · M · U · Z
Front month
ZN Z26 · rolls Nov 26, 2026
What a move on ZN is worth
Tick value × ticks × contracts, before commissions and fees.
| Move | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 tick | $15.625 | $31.25 | $78.125 | $156.25 |
| 5 ticks | $78.125 | $156.25 | $390.625 | $781.25 |
| 10 ticks | $156.25 | $312.50 | $781.25 | $1,562.50 |
| 20 ticks | $312.50 | $625.00 | $1,562.50 | $3,125.00 |
| 50 ticks | $781.25 | $1,562.50 | $3,906.25 | $7,812.50 |
ZN tick value calculator
Your move
ZN: one tick is 0.015625 and worth $15.625; one point is 64 ticks. A move in points is snapped to the tick grid.
Ticks
64
Points
1
Per contract
$1,000.00
Total, 1 contract
$1,000.00
How many ticks does a dollar risk allow?
Stop that fits, per contract
32 ticks (0.5 points) on 1 contract
Rounded down to whole ticks, so the stop never risks more than the dollars you entered (before commissions and slippage). ZN contract specs
The same calculator for every contract: tick value calculator.
ZN front month and roll dates
Lead month is set by first notice day — the last business day of the month before delivery. Rolls 2 business days before first notice day. On the roll date the next contract is already the front month, so ZN H27 takes over from ZN Z26 on Nov 26, 2026.
| Contract | Front month from | Rolls |
|---|---|---|
| ZN Z26 | ||
| ZN H27 | ||
| ZN M27 | ||
| ZN U27 |
Every root, every date ahead: futures roll calendar. Business days count weekends but not exchange holidays, so confirm the final session with your broker.
Related contracts
Frequently asked
What is the tick value of ZN?
One tick on ZN (10-Year T-Note) is 0.015625 (1/64 of a point) in price and is worth $15.625 per contract.
How much is one point on ZN?
$1,000 per contract. One point is 64 ticks of $15.625.
What is the front-month ZN contract?
ZN Z26 — it stays the front month until Nov 26, 2026, when ZN H27 takes over. The date comes from the roll engine the PassTraq platform charts with.
Is ZN cash-settled or physically delivered?
Physically delivered, so the roll is measured from the delivery anchor rather than the last trading day. Lead month is set by first notice day — the last business day of the month before delivery. Rolls 2 business days before first notice day.
Track this on a real account
A calculator is a snapshot. PassTraq runs these same limits against your actual fills, every day, and warns you before a breach instead of after.
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Trailing Drawdown Simulator
Step a balance up and down and watch where the drawdown line sits after each move — the number that actually ends most challenges.
Consistency Rule Calculator
Work out how large one day can be against the rest of your profit before a consistency rule holds up the payout.
Days to Pass Planner
Turn a daily average into a realistic number of trading days to reach the profit target, against the minimum days and any time limit.
Tick Value Calculator
What a move is worth in dollars on any futures contract PassTraq models, and how many ticks of stop a dollar risk allows.
Futures Roll Calendar
When each futures contract rolls to the next month, so a chart, a journal entry and a fill all refer to the same contract.
Every figure here is the contract specification PassTraq's platform values fills with, and every front month and roll date comes from the roll engine its charts use. Exchanges can change a specification without notice — confirm with the exchange or your broker before you rely on one. PassTraq is not affiliated with, endorsed by, or a partner of any prop firm, CME Group or Rithmic, except where a link is marked as a partner link. Contract and index names are trademarks of their respective owners and are used only to identify the contracts PassTraq models. Nothing here is financial advice.