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