10Y tick value & contract specs
Micro 10-Year Yield (10Y) futures trade on CBOT. The price moves in ticks of 0.001, each tick is worth $1 per contract, and a full one-point move is worth $1,000 per contract.
10Y contract specifications
| Symbol | 10Y |
|---|---|
| Contract | Micro 10-Year Yield |
| Exchange | CBOT |
| Tick size | 0.001 |
| Tick value (per contract) | $1 |
| Point value (per contract) | $1,000 |
| Ticks per point | 1,000 |
| Contract size | $10 per basis point of yield (DV01) |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
10Y ticks to dollars
10 ticks × 1 contract = $10
10Y tick value table
Dollar value of a move in 10Y before commissions, at $1 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $1 | $2 | $5 | $10 |
| 4 | $4 | $8 | $20 | $40 |
| 10 | $10 | $20 | $50 | $100 |
| 20 | $20 | $40 | $100 | $200 |
| 40 | $40 | $80 | $200 | $400 |
Worked example
You buy 2 10Y contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $1 × 2 contracts = $20. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$1 per contract. 10Y moves in increments of 0.001, and each increment changes the value of one contract by $1.
$1,000 per contract. One point is 1,000 ticks of 0.001.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Interest rate
Futures P&L calculator with 10Y selectedFutures Position Size Calculator (Free, No Signup) — FillbookFutures Trading Journal: Auto-Sync & Real Tick P&L — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged 10Y trade. Confirm specifications with the exchange before trading. CBOT contract specifications