ZBU6 - 30-Year Treasury Bond Futures (September 2026)
30-Year Treasury Bond Futures September 2026 contract: CBOT 30-Year Treasury Bond futures (ZB): the long-end US Treasury futures benchmark, used for duration hedging and yield-curve trading.
As of Jul 16, 2026: spot at $111.09, ATM IV 7.9%, max pain $112.00, net GEX -$3.85B.
- Sector
- Interest-Rate Futures
- Industry
- Interest-Rate Futures
- Exchange
- CBOT
ZBU6 Contract Specifications
- Contract Month
- September 2026
- Month Code
- U (September)
- Root
- ZB
- Underlying
- 30-Year Treasury Bond Futures
- Exchange
- CBOT
- Contract Size
- $100,000 face value of 15- to 25-year US Treasury bonds
- Point Value
- $1000 per percentage point
- Tick Size
- 1/32 of a percentage point
- Tick Value
- $31.25 per tick
ZBU6 Settlement and Trading Hours
Settlement: Physically delivered; trading terminates on the seventh business day prior to the last business day of the delivery month.
Trading hours: Globex Sunday-Friday 6:00 PM - 5:00 PM ET.
How ZBU6 Fits in the Futures Curve
ZBU6 is the September 2026 listing of the 30-Year Treasury Bond Futures contract. Each listed expiration carries its own implied-volatility surface, term structure position, and basis to the underlying instrument. The front-month contract typically dominates volume and is the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility and (for physically-delivered commodities) the carry between spot and forward.
What ZBU6 Looks Like to Options Traders Today
negative net gamma exposure (-$3.85B) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.008) is roughly flat across the wings.
What This Page Covers
The ZBU6 overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks.
Frequently asked ZBU6 overview questions
- What is ZBU6?
- ZBU6 is the ticker symbol for 30-Year Treasury Bond Futures (September 2026), a listed futures contract. 30-Year Treasury Bond Futures September 2026 contract: CBOT 30-Year Treasury Bond futures (ZB): the long-end US Treasury futures benchmark, used for duration hedging and yield-curve trading. Listed on CBOT. ZBU6 is the listed futures symbol shown on this page; futures traders use the contract for directional exposure, hedging the underlying instrument, and as the delivery instrument for options-on-futures structures.
- What does the ZBU6 options snapshot look like today?
- As of Jul 16, 2026, the ZBU6 options snapshot shows spot at $111.09, ATM IV 7.9%, max pain $112.00, net GEX -$3.85B, expected move 2.26%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are ZBU6's key statistics?
- 30-Year Treasury Bond Futures (September 2026) (ZBU6) carries a September 2026 expiry on the CBOT-listed 30-Year Treasury Bond Futures contract, with a $1000 per percentage point point value. Full contract specifications including settlement convention, tick size, and curve term-structure context are on the contract reference block above. Options-on-futures pricing references these spec fields directly via the multiplier and exchange contract rules.
- What underlies the ZBU6 futures contract?
- ZBU6 is the September 2026 listing on the 30-Year Treasury Bond Futures contract, traded on the CBOT. Each listed expiration carries its own implied-volatility surface, term-structure position relative to other listed months, and (for physically-delivered contracts) basis to the spot underlying. Front-month contracts dominate volume and serve as the reference for options-on-futures pricing; back-month contracts price the term structure of the underlying's volatility.
- How current is the ZBU6 data on this page?
- The options snapshot above is dated Jul 16, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Contract specifications come from the listing exchange (CBOT) and do not change over the life of the contract once listed. Options-on-futures data, when available, refreshes after each trading session. There is no equity-style FINRA reporting or sell-side analyst coverage for futures contracts.