A Guide to Trading T Bond Futures
T Bond Futures are a way to speculate on the direction of the price of U.S Treasury Bonds. These tend to follow the US benchmark interest rate, therefore can be used to speculate on the direction of future US interest rates.
Treasury notes are a US government debt security. The interest rate is fixed. Maturity of these obligations is between one and ten years. T note Futures traded on the CBOT exchange.
Treasury bonds are also a US government debt security. The main difference between a Treasury Bond and a Treasury Note is that Bonds are have a maturity date in excess of 10 years and Notes have a maturity date less than 10 years. 
There are 30 year Treasury bond futures contracts available to trade. Currently margin requirements for this contract are around $2,295 initially and $1,700 for maintenance.
There are also treasure note futures on 2, 5 and 10 year treasury notes.
Treasury Bond Future Trading can be a very profitable way to trade. However, as with all futures contracts, there is considerable risk. us treasury bond futures and note futures are affected by a large number of economic factors, so predicting future moves can be extremely difficult. It is not uncommon for central bank chiefs like Bernanke and Mervyn King to get it completely wrong!
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