Worldwide derivatives market CME Group at the moment introduced that open curiosity in U.S. Treasury futures set a brand new file of 21,428,757 contracts on November 24.
This yr, the notional worth of open curiosity in CME Group U.S. Treasury futures grew to $2.57 trillion, a rise of fifty% year-over-year, as the typical each day quantity (ADV) reached 5.5 million contracts, the very best annual degree ever.
“All through 2023, we now have seen file quantity and open curiosity in our U.S. Treasury futures, which supply market members essentially the most environment friendly and liquid merchandise to hedge danger throughout the yield curve,” mentioned Agha Mirza, CME Group World Head of Charges and OTC Merchandise. “We’re notably happy with the breadth of our market’s liquidity profile and total participation, as measured by giant open curiosity holders within the CFTC’s dedication of merchants report. Amid our third consecutive yr of file ADV, this means the market will stay deeply liquid, whereas it continues to allow file danger switch.”
CME Group delivers an digital, central restrict order guide for each tenor of U.S. Treasury futures, which commerce side-by-side on the CME Globex platform with BrokerTec money securities.
As well as, shoppers profit from the pliability of privately negotiated transactions within the type of blocks, trade for danger (EFR) and trade of futures for bodily (EFP) agreements. Shoppers utilizing these instruments to handle danger embrace sovereigns, banks, asset managers, hedge funds, principal buying and selling corporations and different establishments.
U.S. Treasury futures obtain margin offsets towards current CME Group Curiosity Charge merchandise, and are listed with, and topic to, the principles of CBOT. These contracts are additionally eligible for portfolio margining towards different cleared rate of interest swaps and futures.