CME Group to Launch T-Bill Futures on October 2, as U.S. Treasury Futures Open Interest Hits Record 19.8 Million Contracts
The new T-Bill futures contract will begin trading amid record demand for CME Group U.S. Treasury futures, with open interest reaching 19,814,295 contracts for the first time on August 23.
- The new T-Bill futures contract will begin trading amid record demand for CME Group U.S. Treasury futures, with open interest reaching 19,814,295 contracts for the first time on August 23.
- "With open interest approaching an unprecedented 20 million contracts, we are also seeing a record number of large open interest holders in U.S. Treasury futures, which advances efficiencies, deep liquidity and a share of volume that exceeds associated cash markets."
- T-Bill futures will receive automatic margin offsets against existing CME Group Interest Rate futures upon launch and will be listed with, and subject to, the rules of CME.
- Additionally, these contracts will become eligible for portfolio margining against other cleared interest rate swaps and futures shortly after launch.