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Click here for Tier Description
Effective Monday, May 10, 2010, the links to the Outright Rates Report will revert back to HTML format and be broken out by product groupings as before. The .csv format (comma separated value format, designed for downloading into Excel) is now available via the link below.
View Complete List of Outright Margins (.CSV format)

Revised 07/29/2010.
Spread Calculation Example
CBOT INTEREST RATE FUTURES -- OutrightRates
    Initial Maintenance
10-YEAR T-NOTE (21)
Spec $1,890 $1,400
Hedge/Member $1,400 $1,400
10YR INTEREST RATE SWAP (66)
Spec $1,485 $1,100
Hedge/Member $1,100 $1,100
2-YEAR T-NOTE (26)
Spec $810 $600
Hedge/Member $600 $600
20-YR INTEREST RATE SWAP (I2)
Spec $1,350 $1,000
Hedge/Member $1,000 $1,000
3 MONTH OIS FUTURES (OSP) - Tier 1
Spec $270 $200
Hedge/Member $200 $200
3 MONTH OIS FUTURES (OSP) - Tier 2
Spec $540 $400
Hedge/Member $400 $400
3 YR NOTE (3YR)
Spec $1,215 $900
Hedge/Member $900 $900
30-YR INTEREST RATE SWAP (I3)
Spec $3,780 $2,800
Hedge/Member $2,800 $2,800
5-YEAR T-NOTE (25)
Spec $1,080 $800
Hedge/Member $800 $800
5-YR INTEREST RATE SWAP (NG)
Spec $1,013 $750
Hedge/Member $750 $750
CBOT 7-YR INTEREST RATE SWAP (7I)
Spec $1,350 $1,000
Hedge/Member $1,000 $1,000
EMINI EURODLLAR (YE)
Spec $338 $250
Hedge/Member $250 $250
FED FUNDS (41) - Month 1
Spec $338 $250
Hedge/Member $250 $250
FED FUNDS (41) - Months 2-4
Spec $405 $300
Hedge/Member $300 $300
FED FUNDS (41) - Months 5+
Spec $540 $400
Hedge/Member $400 $400
U.S. TREASURY BOND (17)
Spec $3,375 $2,500
Hedge/Member $2,500 $2,500
ULTRA LONG TREASURY BOND (UBE)
Spec $4,050 $3,000
Hedge/Member $3,000 $3,000