International derivatives market The CME Group announced today that trading of the new Micro US Treasury futures contracts has exceeded 100,000 contracts since it was launched two weeks ago on March 25th.
“As the world’s most liquid market for US Treasury futures, CME Group is pleased that so many of our global clients are incorporating smaller-sized Micro US Treasury futures into their trading strategies,” said Agha Mirza, head of CME Group Global Interest Rates and OTC products. “Amid changing interest rate expectations, Micro US Treasury futures offer easier access to key 10- and 30-year benchmarks, complementing the broad suite of US Treasury offerings.”
CME Group recently reported its highest Q1 average daily volume of 7.8 million contracts in US Treasury futures and options, up 12% year over year.
The small US Treasury bond futures are cash-settled and are one-tenth the size of the Ultra 10-Year US Treasury Bond and Ultra US Treasury Bond futures. The contracts receive automatic margin hedges against existing CME Group interest rate futures contracts and are quoted and subject to CBOT rules.
Since launch in 2019, more than 2.8 billion micro contracts have been traded on the CME Group, allowing market participants greater flexibility and the same capital efficiency as standard contracts in interest rates, equity indices, metals, FX, energy and cryptocurrencies .