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