Micro Treasury Yield futures
Manage US Treasury yield exposure with simplicity and precision
Micro Treasury Yield futures – a simplified futures contract that tracks yields
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.
Key Benefits and Features
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.
Easier to Speculate on US interest rates
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.
Traded in yield
Directly references the most widely followed US Treasury market metric – yields of recently auctioned Treasury securities.
Four different versions to suit your trading preference
Offers trading choice with contracts on four key tenors: 2-Year Note, 5-Year Note, 10-Year Note, and 30-Year Bond.
Simple, cash-settled design
All four contracts are sized at $10 dollar per basis point of yield (0.01%), creating seamless curve spreading opportunities.
Built on leading BrokerTec benchmarks
Anchored by BrokerTec US Treasury benchmarks, sourced from transactions on the leading cash UST trading platform.
Learn about Micro Treasury Yield futures
Watch an educational video to understand how Micro Treasury Yield futures work, the benchmarks behind the contract, and more.
Micro Treasury Yield Futures Contract Specifications
| MICRO 2-YEAR YIELD FUTURES | MICRO 5-YEAR YIELD FUTURES | MICRO 10-YEAR YIELD FUTURES | MICRO 30-YEAR YIELD FUTURES | |
|---|---|---|---|---|
| PRODUCT CODE | 2YY | 5YY | 10YY | 30YY |
| 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 | |||
Micro Treasury Yields Futures
Frequently Asked Questions
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:
- Gain exposure to on-the-run Treasury Yields
- Hedge Treasury auctions with greater precision
- Seamlessly execute DV01 neutral yield curve spreads
- Trade the futures vs. cash basis via EFP (Exchange for physical)
Please click here for contract specifications.
Click here to view day trading margins.
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
Why Trade Micro Treasury Yield futures with Optimus Futures?
Deep Discount Commissions
Pay as little as $0.25 / side on Micros no matter how much you trade. High volume traders qualify for even more savings with commissions as low as $0.10 / Side.
Dedicated Service Specialists
Get help from a team that is trained on the CME Group’s Micro contracts with objective guidance and personalized onboarding.
Low Day-Trading Margins
As low as $40 day trading margins for Micro E-Mini S&P and $400 for E-Mini S&P 500.
Free Trading Platforms
Get free access to Optimus Flow, our signature trading platform for unlimited simulated trading, better technical analysis and faster order execution.
Open An Optimus Futures Account. Start Trading Micro Treasury Yield Futures
For individual traders who want to gain exposure to, or hedge against, U.S. Treasury yields.
- Smaller sized contracts
- Financially settled eliminating any delivery risk
- Track OTR benchmark Treasury yields
- Trade in yield rather than in price terms
With Live Market Data
- Free Indicators
- Free News Trading Platform
- Free Funding & Withdrawals
- Free 24-Hour Support
- Free One-on-One On-boarding
- Free Trading Education
- $500 Micro Account Minimum
- $400 ES Day Trade Margins
- $40 MES Day Trade Margins
- Commissions as low as $0.25 on Micros
- No Inactivity Fees at Select FCM’s
- Real Time and Historical Data
- Premier CME Group Partner
- Trusted by Traders Since 2004
- Licensed and Regulated by the NFA and CFTC
- Dedicated Futures Community
- Multiple Datafeeds | Rithmic, CQG, TT, CTS
- Account Protection and Segregated Funds (CFTC rule 1.25)
Questions? Call us at (561) 367-8686