“The introduction of Micro Yield futures responds directly to client demand for products that reference one of the most widely quoted market metrics – yield on U.S. Treasury securities,” said Sean Tully, CME Group Global Head of Financial and OTC Products. “Our new, smaller yield-based fu...
The invoice price equals the futures settlement price times a conversion factor, plus accrued interest. The conversion factor is the price of the delivered note ($1 par value) to yield 6 percent. 5-Year U.S. Treasury Notes Futures Options Contract Unit Face value at maturity of $100,...
“Since 2017, 2-Year and 5-Year Treasury Note futures open interest has rapidly grown in line with stronger end-user demand for exposure at the short end of the yield curve. The changes we are announcing today will offer our clients greater precision and seamless spread trading, which they ...
Our European short-term rate or ESTR contracts traded a record 10,000 contracts per day in September. Our newly listed treasury bill futures launched on October 2, and we have traded over 15,000 contracts in the first three weeks. This is one of the most successful launches of a raised p...
CompetitionFMX launched as CME’s first competitor in interest rate futures, but is still in its initial stages and plans to launch treasury futures in 1Q25. Earnings PerformanceCME shares trading at a 10% discount to peers, versus a historical 20% premium, and the shares up just 4% YTD,...
Treasury options mirror the maturities of the Treasury Futures CME Group offers: 2, 5 and 10-year contracts are complemented by the bond (between 15 and 25 years) and “ultra” (more than 25 years remaining) contracts. The options traded are American style and can be calls or puts. Some...
The level of Rates are represented by the generic 10Y US Treasury yield at the end of each quarter (UST10Y) and the implied yield on the third Eurodollar contract (ED3). Roughly speaking, volumes went up throughout 2016, 2017 and into Q1 of 2018 as interest rates increased. ...
It purchased more than $1 trillion worth of Treasury securities in that month alone. Superficially, this looked a lot like the Quantitative Easing that we came to know during the GFC. But it’s purpose was different. This wasn’t about depressing the yield curve or providing a f...
Treasury futures are contracts for the purchase and sale of U.S. government notes or bonds for future delivery, and they trade on an average of more than $600 billion a day. Asset managers and leveraged funds use them to express directional views on the yield ...
Yes, sure. Very happy to do that. If you look at the first quarter, and actually if you look at the year-to-date, now our treasury futures, overall year-to-date are only up 1% in terms of their volumes. So, the huge growth that we saw in the first quarter was driven by the ...