The December futures price is $124.125 today, and the 10-year treasury yield is 2.37%. Pretend there exists a treasury note with a 2.37% coupon that matures exactly 10 years from the December futures delivery date, that you can buy for par on the December futures delivery date. U.S. Treasury futures and options contracts are available for each of the Treasury benchmark tenors: 2-year, 5-year, 10-year, and 30-year. Additionally, CME Group offers Ultra 10-Year Note and Ultra T-Bond futures which offer greater precision for trading the 10-year and 30-year maturity points on the yield curve respectively.. A typical 10-year U.S. Treasury note is the 1.625 percent notes due Nov. 15, 2022. The 1.625 percent refers to the coupon rate of interest. Nov. 15, 2022, is the maturity date. If the price on these notes is listed at 100, that means you pay 100 percent of the face value of the security, or $1,000.