On this page
Contract specifications
- Contract symbol
- ZNZ7
- Product
- 10-Year T-Note (ZN)
- Exchange
- CBOT
- Delivery month
- December 2027 (code Z)
- First notice day
- November 30, 2027
- Default rolls on
- November 26, 2027 (4 days before)
- Tick size
- 0.015625
- Tick value
- $15.63
- Point value
- $1,000.00
- Next delivery
- first 2028 contract
The date that matters on ZNZ7
The first notice day of ZNZ7 is November 30, 2027, the last business day of the month preceding delivery. 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.
Senzoukria stops offering ZNZ7 as the default contract on November 26, 2027, 4 calendar days before that first notice day, and keeps it selectable with a badge. The date is computed from the exchange rule rather than stored. The engine counts Monday to Friday and holds no CME holiday table, so a date that falls next to a public holiday can be one day off the exchange calendar. Check the exchange calendar when the date sits close to a holiday.
When the volume actually leaves
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.
ZNZ7 is the last 2027 delivery listed for ZN, so the volume moves into the first 2028 contract.
What one tick is worth on ZNZ7
The minimum price fluctuation is 0.015625, which is $15.63 per contract on a multiplier of 1000. A full point is therefore $1,000.00. On a footprint chart one row is one tick, so the same vertical space holds a different number of rows depending on the product: a tick of 0.015625 sets how finely the bid and ask volume of ZN can be read.
These are the values the app itself trades on, taken from its contract table rather than retyped, so the P&L shown on a ZNZ7 position and the rows of its footprint come from the same numbers.
Every ZN delivery listed in 2027
ZN lists 4 delivery months a year (H, M, U, Z). ZNZ7 is number 4 of 4 in 2027.
| Contract | Delivery | First notice day | Default rolls on |
|---|---|---|---|
| ZNH7 | Mar 2027 | Feb 26, 2027 | Feb 22, 2027 |
| ZNM7 | Jun 2027 | May 31, 2027 | May 27, 2027 |
| ZNU7 | Sep 2027 | Aug 31, 2027 | Aug 27, 2027 |
| ZNZ7 (this page) | Dec 2027 | Nov 30, 2027 | Nov 26, 2027 |
Related pages
- ZN — 10-Year U.S. Treasury Note
- Contract roll
- Futures month codes
- Tick value
- Front month contract
- Large tick instrument
- Trade at settlement
- ZNH8
- ZNU7
- ZN 2027
- TNZ7
In the same section
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Frequently asked questions
- When does ZNZ7 stop being tradable in practice?
- The first notice day of ZNZ7 is November 30, 2027. 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 should I roll out of ZNZ7?
- The app switches its default to the next listed month on November 26, 2027. In practice the volume moves before the calendar does, so compare the traded volume and open interest of the two months rather than waiting for the first notice day.
- How much is one tick of ZNZ7 worth?
- One tick of 0.015625 is $15.63 per contract, and a full point is $1,000.00, on a multiplier of 1000.