Retail traders can now access the US Treasury market – the largest interest rate market in the world – to hedge existing risk or express an opinion on US interest rates. At one-tenth of the size of the CME’s existing Treasury futures contracts, Micro Treasury Yield futures offer a streamlined approach to trading interest rate markets.
CME Group’s Micro Treasury Yield futures provide traders an efficient and cost-effective method to trade the US Treasury benchmark rates, but with less capital requirements than traditional US Treasury futures contracts.
The Micro Treasury Yield futures will rise when Treasury yields increase and fall when they decline - No need to look at the inverse relationship between yield and price.
Directly references the most widely followed US Treasury market metric – yields of recently auctioned Treasury securities.
Offers trading choice with contracts on four key tenors: 2-Year Note, 5-Year Note, 10-Year Note, and 30-Year Bond.
All four contracts are sized at $10 dollar per basis point of yield (0.01%), creating seamless curve spreading opportunities.
Anchored by BrokerTec US Treasury benchmarks, sourced from transactions on the leading cash UST trading platform.
Watch an educational video to understand how Micro Treasury Yield futures work, the benchmarks behind the contract, and more.
|MICRO 2-YEAR YIELD FUTURES||MICRO 5-YEAR YIELD FUTURES||MICRO 10-YEAR YIELD FUTURES||MICRO 30-YEAR YIELD FUTURES|
|SETTLEMENT||Cash-settled to BrokerTec 2-Year benchmark||Cash-settled to BrokerTec 5-Year benchmark||10Cash-settled to BrokerTec 10-Year benchmark YY||Cash-settled to BrokerTec 30-Year benchmark|
|PRICE CONVENTION||US Treasury Yield|
|CONTRACT SIZE||$10.00 DV01|
|TICK SIZE||$1.00 (1/10 of 1 bp)|
|# OF EXPIRIES||2 nearest monthly contracts|
|TERMINATION||Last Business Day of Month|
While complementary to CME Group’s existing suite of Treasury futures, Micro Treasury Yield futures feature an entirely new contract design intended to serve new use cases and provide market participants with an expanded set of trading and risk management capabilities for the US government bond market. Micro Treasury Yield futures are cash-settled, traded in yield, and track a single on-the-run security, whereas existing Treasury futures are physically-delivered, traded in price, and track a basket of deliverable securities.
Micro Treasury Yield futures’ straightforward, yield-based design is both highly approachable and well suited to a variety of trading and risk management applications, including:
Please click here for contract specifications.
|PRODUCT NAME||SYMBOL||MAINTENANCE MARGIN||DAY TRADING MARGIN|
|Micro 2-Year Yield||2YY||$120.00||$30.00|
|Micro 5-Year Yield||5YY||$140.00||$35.00|
|Micro 10-Year Yield||10YY||$175.00||$43.75|
|Micro 30-Year Yield||30YY||$200.00||$50.00|
To get started, simply open an Optimus Futures account and fund it with at least $100 via ACH, wire transfer or check. You will get free access to our premiere trading platform or you can choose from our vast selection of 3rd party apps where you can buy and sell the CME Group’s new WTI Micro Treasury Yield futures contracts.
LEARN MORE ABOUT Micro Treasury Yield futures
Pay as little as $0.50 / side no matter how much you trade. High volume traders qualify for even more savings with commissions as low as $0.10 / Side.
Get help from a team that is trained on the CME Group’s Micro contracts with objective guidance and personalized onboarding.
Trade CME Micro futures with the lowest day-trading margins, including $300 margins for E-Mini S&P, E-Mini NASDAQ and Mini ($5) Dow Jones*
Get free access to Optimus Flow, our signature trading platform for unlimited simulated trading, better technical analysis and faster order execution.
For individual traders who want to gain exposure to, or hedge against, U.S. Treasury yields.
With Live Market Data
Questions? Call us at (561) 367-8686