CME Group Announces Record Ultra 10-Year Note and 30-Year Bond Futures Volumes on February 23

Rhea-AI Summary

CME Group announced record trading volumes for Ultra 10-Year Note and 30-Year Bond futures on February 23, 2021, with 1.7 million and 1.8 million contracts traded, respectively. The Ultra 10-Year Note futures also achieved a new open interest record of 1.4 million contracts on February 22. The increase in trading activity is attributed to growing volatility in the U.S. Treasury market, as yields hit 12-month highs. Other records included Eurodollar and 3-Year Mid-Curve options, demonstrating CME's strong position in interest rate risk management.

Positive

• Record volumes for Ultra 10-Year Note futures (1.7 million contracts) and 30-Year Bond futures (1.8 million contracts) on February 23, 2021.
• New open interest record for Ultra 10-Year Note futures of 1.4 million contracts on February 22, 2021.
• Boosted trading volumes attributed to rising U.S. Treasury market volatility and increasing yields.

Negative

• None.

CHICAGO, Feb. 25, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that Ultra 10-Year Note futures reached a record volume of 1.7 million contracts on February 23, surpassing the previous record of 1.5 million set on February 25, 2020.  A record 1.8 million 30-Year Bond futures contracts were also traded on February 23, passing the prior record of 1.7 million set on February 25, 2020.

Additionally, Ultra 10-Year Note futures reached numerous open interest (OI) records during the month of February, including a record 1.4 million contracts on February 22, 2021, surpassing the previous record of 1.32 million set on February 19, 2021.

"CME Group is the destination for interest rate and treasury market risk management, as global clients look to manage continued uncertainty across the U.S. and global economies," said Agha Mirza, Managing Director and Global Head of Interest Rate and OTC Products, CME Group. "During the month of February, we have seen strong trading volume and record open interest across a number of products in response to rapidly increasing U.S. Treasury market volatility as yields in some tenors have reached 12-month highs. We continue to focus on providing our global client base with the tools they need to mitigate risk going forward."

Other notable records across CME Group's Interest Rates complex during the month of February, include:

• Multiple 3-Year Mid-Curve options OI records in February, including a record 5.4 million contracts on February 11, above the prior long-standing record of 5.05 million contracts set in September 2013.
• Record Eurodollar 3-Year Mid-Curve options volume of 994,059 contracts on February 16, surpassing the prior record of 891,227 set on January 11, 2021.
• Record SOFR futures OI of 751,594 contracts on February 24, passing the prior record of 746,131 set on February 22, 2021.
• Record 3-Year Note futures OI of 13,584 contracts on February 23, passing the prior record of 12,082 set on February 22, 2021.

For more information on CME Group's Interest Rates markets, please see: www.cmegroup.com/interestrates.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners. 

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SOURCE CME Group

FAQ

What record did CME Group achieve for Ultra 10-Year Note futures on February 23, 2021?

CME Group achieved a record volume of 1.7 million contracts for Ultra 10-Year Note futures on February 23, 2021.

How many contracts of 30-Year Bond futures were traded on February 23, 2021?

A record 1.8 million contracts of 30-Year Bond futures were traded on February 23, 2021.

What was the open interest record for Ultra 10-Year Note futures on February 22, 2021?

The open interest record for Ultra 10-Year Note futures reached 1.4 million contracts on February 22, 2021.

Why did CME Group see increased trading volumes in February 2021?

Increased trading volumes in February 2021 were due to heightened volatility in the U.S. Treasury market as yields reached 12-month highs.