ZF futures expiry calendar 2026: 4 dates

Every ZF delivery listed in 2026

ZF trades 4 delivery months in 2026 (H, M, U, Z). Dates are computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date next to a public holiday can be one day off the exchange calendar.

The letter in a contract symbol is its delivery month: H = March, M = June, U = September, Z = December. The digit that follows is the year.

The rule that sets these dates

The first notice day is the last business day of the month preceding the delivery month. From that day a long position can be assigned a deliverable note or bond.

This is the first notice day, not the last trading day. A Treasury future keeps quoting into its delivery month, and its official last trading day depends on the maturity. Senzoukria does not use it, because by the first notice day the open interest has already moved to the next contract and a long held past it is deliverable.

When the volume moves between these months

Treasury futures roll around the first notice day, and the bulk of open interest moves during the few sessions that precede it. Holding past it exposes a long to delivery of an actual note or bond, which is not what a chart trader wants.

What one tick of ZF is worth

The minimum price fluctuation is 0.0078125, which is $7.81 per contract on a multiplier of 1000. A full point is $1,000.00. These are the values the app itself trades on, so the rows of a ZF footprint and the P&L on a ZF position come from the same numbers.