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5-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

Product Snapshot: CBOT 5-Year Interest Rate Swap Futures
CBOT 5-Year Interest Rate Swap futures fill a vital need for exchange-traded derivative contracts that reference intermediate-term swap rates. They offer institutional market participants a convenient means for acquiring and laying off exposure to plain vanilla swap rates

5-Year Interest Rate Swap futures provide a way to:

  • 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:

  • Trading takes place electronically on the CME Globex platform
    • Virtually around the clock, around the world
    • Complete price transparency and anonymity
  • CME Clearing matches and settles all trades and guarantees counterparty credtworthiness
    • Cash settled against the respective ISDA® Benchmark Rate

 

Benefits of trading CBOT 5-Year Interest Rate Swap Futures:

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