What is a 10-year treasury note?
A treasury note is a debt obligation that the government sells to citizens, and it matures at different rates. A 10-year treasury note, then, matures in 10 years.
Why invest in treasury note futures?
Treasury note futures help investors hedge against intense shifts in the cost of money.
How much does a 10-year treasury note future cost?
Generally, investors pay face value at maturity of $100,000 for each 10-year treasury note futures contract.