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10-Year Interest Rate Swap 
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Trade Implied Treasury and Swap Spreads on CME Globex
Interest Rate Swap Futures 4 Percent Price-Yield Tables

CBOT 10-Year Interest Rate Swap futures provide a way to limit downside risk and maximize upside potential while maintaining exposure to intermediate- and long-term swap rates. They also enable you to:

  • Acquire and lay off exposure to plain vanilla swap rates
  • Create synthetic portfolios that more accurately track actual portfolio exposures, when used in conjunction with other CME Group interest rate futures
  • Facilitate the structuring of a variety of credit spread and bank credit yield curve trades

Things to know:

  • CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
  • Cash-settled against the respective ISDA Benchmark Rate

Benefits of trading CBOT 10-Year Interest Rate Swap Futures:

  • Standardization
  • Position scalability
  • Trade scalability
  • Administrative convenience and low operational cost
  • Transparency
  • High-grade credit exposure
  • Capital efficiency