---
title: "ZN Tick Value - 10-Year T-Note Futures Contract Specs - Get Funded Now"
description: "10-Year T-Note (ZN) futures: 1/64 of a point tick worth $15.63, $1,000 per point. Contract size, exchange, and how many ticks of drawdown a funded account gives you."
url: "https://getfundednow.com/futures/contracts/zn-10-year-treasury-note"
language: "en"
last_modified: "2026-10-29"
publisher: "Get Funded Now (getfundednow.com)"
disclosure: "All trading at Get Funded Now is simulated. 'Funded' means a simulated or virtual account; GFN is not a broker and does not hold client funds."
---

Interest rates futures · CBOT

# ZN 10-Year T-Note

One ZN tick is 1/64 of a point, worth $15.63 per contract. One point is worth $1,000.

## Contract specifications

| Specification | ZN |
| --- | --- |
| Contract | 10-Year T-Note |
| Exchange | CBOT |
| Contract size | US Treasury notes with $100,000 face value |
| Minimum tick | 1/64 of a point |
| Tick value | $15.63 |
| Point value | $1,000 |

The 10-year note is the reference point for US borrowing costs. ZN reacts to inflation data, jobs reports and every Federal Reserve meeting.

## How much room a funded account gives you on ZN

Every Get Funded Now futures account has a 3% maximum drawdown. Divided by ZN's $15.63 tick, that is how far one contract can move against you before the account is breached. Trading your full position limit divides that room by the number of contracts.

| Account | Max drawdown | Ticks of room, 1 ZN | Max contracts | Ticks of room, max ZN |
| --- | --- | --- | --- | --- |
| $25,000 | $750 | 48 | 2 | 24 |
| $50,000 | $1,500 | 96 | 4 | 24 |
| $75,000 | $2,250 | 144 | 5 | 28 |
| $100,000 | $3,000 | 192 | 6 | 32 |
| $150,000 | $4,500 | 288 | 9 | 32 |

Size a trade from your stop with the [futures position size calculator](https://getfundednow.com/futures/tools/futures-position-size-calculator), or see [how end-of-day trailing drawdown works](https://getfundednow.com/futures/end-of-day-drawdown).

Specifications are set by the exchange and are published here for reference. Check the [futures rules](https://getfundednow.com/futures/rules) for the instruments available on your account.

## Questions

### What is the tick value of ZN?

One ZN tick (1/64 of a point) is worth $15.63 per contract.

### How much is one point on ZN?

A full one-point move is worth $1,000 per contract.

### What does one ZN contract represent?

US Treasury notes with $100,000 face value, traded on CBOT.

Launching 12 Nov

## Your futures account is two weeks away

See the plans now and pick your size. Checkout opens on launch day - or buy any forex challenge today and get the same-size futures account free.

[View futures plans](https://getfundednow.com/futures/challenges) · [Read the futures rules](https://getfundednow.com/futures/rules)

100% profit split

Weekly payouts

No daily loss limit

One-time fee

---

Source: https://getfundednow.com/futures/contracts/zn-10-year-treasury-note
Facts about Get Funded Now in one file: https://getfundednow.com/llms.txt