Participating in 5 year T-Note futures allows a trader to assess directionality of interest rates as well the ability to hedge risk at the midpoint of a yield curve. Participating in 5 year T-Note futures can also allow one to use a variety of trading strategies like spread trading and trading against different Treasury futures. FVX | A complete CBOE 5 Year Treasury Note Yield Index index overview by MarketWatch. View stock market news, stock market data and trading information. View stock market news, stock market data Discover U.S. Treasury futures, featuring 2-, 5- and 10-year notes, Ultra 10, T-bond and Ultra T-Bond futures. Get specs, compare futures to cash, and more. Get specs, compare futures to cash, and more.