International derivatives marketplace CME Group today announced that it will expand its benchmark interest rates offering with the launch of U.S. Treasury Bill (T-Bill) futures on October 2, pending regulatory review.
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.
“As we continue to see record risk transfer in the U.S. Treasury market, our new T-Bill futures will enable clients to hedge exposure to short-term debt with the same value proposition offered across our U.S. Treasury and SOFR complexes,” said Agha Mirza, CME Group Global Head of Rates and OTC Products. “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…
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