TREASURIES & RATES

FED Funds

FED Funds

Fed funds rate is the interest rate at which banks lend at their FED accounts to other banks, in order to meet reserve requirements. These future contracts are used to hedge changes in these rates.

Contract Size 4,167 times the interest rate
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD
Ticker Symbol FF, GLOBEX: ZQ
Details Contract specifications
Eurodollars

Eurodollars

Eurodollar (U.S. dollars deposited in commercial banks located outside of the United States) deposits play a major role in the international capital market, and they have long served as a benchmark interest rate for corporate funding. The futures contracts on Eurodollar reflect the London Interbank Offered Rate (LIBOR) for a three-month, $1 million offshore deposit. Eurodollar deposits are direct obligations of the commercial banks accepting the deposits and are not guaranteed by any government. In 1981, CME launched Eurodollar futures and since then these futures have evolved into one of the world’s most innovative and popular contracts—and are now the most actively traded futures contract in the world with open interest recently surpassing the four million mark.

Contract Size 2,500 times the interest rate
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD
Ticker Symbol ED, GLOBEX: GE
Details Contract specifications
2-year Note

2-year Treasury Note

This product is based on the benchmark 2-year note issued by the U.S. Treasury. It provides a way to hedge interest rate risk, express a view on the direction of interest rates at the short end of the yield curve, execute yield curve trades against other Treasury futures or spread trades against other CME Interest Rate products.

Contract Size 2,000 times the price (index)
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD
Ticker Symbol TU, GLOBEX: ZT
Details Contract specifications
5-year Note

5-year Treasury Note

This product is based on the benchmark 5-year note issued by the U.S. Treasury. It provides a way to hedge interest rate risk, express a view on the direction of interest rates at the short end of the yield curve, execute yield curve trades against other Treasury futures or spread trades against other CME Interest Rate products.

Contract Size 1,000 times the price (index)
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD
Ticker Symbol FV, GLOBEX: ZF
Details Contract specifications
10-year Note

10-year Treasury Note

In 1975 in response to a growing need for tools that could protect against sharp and frequent swings in the cost of money, Chicago Board of Trade introduced Interest rate futures. For investors worldwide, the U.S. 10 Year Treasury Notes and Thirty-Year Treasury Bond futures have grown to become fundamental risk management tools. The Chicago Board of Trade, with the Treasury futures contracts, helps both institutional and individual investors to control the risk in holding fixed-income securities and optimize their performance.

Contract Size 1,000 times the price (index)
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD
Ticker Symbol TY, GLOBEX: ZN
Details Contract specifications
30-year Bond

30-year Treasury Bond

This product is based on the benchmark Treasury Bond, the longest maturity of any bond issued by the U.S. Treasury. Treasury Bond futures provide a way to hedge long-term interest rate risk, express a view on the direction of interest rates at the long end of the yield curve, execute yield curve trades against other Treasury futures or spread trades against other CME Interest Rate products.

Contract Size 1,000 times the price (index)
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD
Ticker Symbol US, GLOBEX: ZB
Details Contract specifications
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