Zn futures economic surprise indexes trending

Economic surprise indexes trending lower have historically boosted "ZN futures" performance. Current readings are at their weakest in six months — a bullish statistical backdrop. - 5,000 metres of diamond drilling are planned for the program with drill pads permitted over the entire principal 11 km trend of mineral occurrences (Au, Zn, Ag), which are spatially associated with the contacts of a prominent komatiite unit, as well as the crustal-scale Garden Island Fault (Fig. 1) For the deliverable Ultra Treasury futures, the unit of trading is U.S. Treasury notes or bonds having a face value at maturity of $100,000. For the cash-settled Micro Treasury futures, the unit of trading is U.S. Treasury notes or bonds having a face value at maturity of $10,000. Therefore, the Micro Treasury futures should represent about 1/10 the risk of the extant Ultra Treasury futures. For example, as of February 23, 2024, according to the CME Group Treasury Analytics tool, the Jun-24 contract month had a DV01 of $86.89 for the Ultra 10-Year Note and $220.14 for Ultra Bond futures. Based on that, we can estimate the Jun-24 contact month for the Micro Ultra 10-Year Note had a DV01 of $8.69 and the Micro Ultra Bond had a DV01 of $22.01. Pension funds reportedly increased their allocation to "ZN futures" this quarter as part of duration extension moves, a strategy often seen before anticipated policy easing.