Trade Implied Treasury and Swap Spreads on CME Globex
U.S. Treasury Futures Conversion Factors

Product Snapshot: 30-Year U.S. Treasury Bond Futures
This product is based on the benchmark 30-Year Treasury Bond, the longest maturity of any bond issued by the U.S. Treasury. The Treasury bond marketplace is deep and liquid. It is traded by a wide range of users, including hedgers, speculators, bankers, bond dealers, mortgage servicers and portfolio managers.

30-Year Treasury Bond futures provide a way to:

• Hedge long-term interest rate risk
• Express a view on the direction of interest rates at the long end of the yield curve
• Execute a wide range of trading strategies including:
  • Yield curve trades against other Treasury futures
  • Spread trades against other CME Interest Rate products

Things to know:

• Trading takes place:
  • On the CME Group trading floor during open outcry trading hours
  • Electronically on the CME Globex platform
    • Virtually around the clock, around the world
    • Complete price transparency and anonymity
    • About 95% of product volume is electronic
• CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
  • Settled via physical delivery