David Gibbs, Director of Education at CME Group, discusses the launch of 13-Week Treasury Bill futures (contract code: TBF3) and how market participants could use this product to hedge interest rate exposure. This educational webinar also includes information about:
- The differences between 13-Week Treasury Bills (T-Bills), Treasury Notes, and Treasury Bond futures at CME Group
- How T-Bill futures are cash-settled to the highest accepted discount yield of the regularly scheduled 13-week T-bill auction occurring the same week as the contract expiry
- The alignment of T-Bill futures with existing STIR futures (like 3-Month SOFR) at CME Group
- Trading T-Bill futures as inter-commodity spreads on CME Globex
The information herein has been complied by CME Group for general informational and education purposes only and does not constitute trading advice or the solicitation of purchases or sale of futures, options, swaps, any other financial instrument, or financial service. The views in this video reflect solely those of the author or speaker and not necessarily those of CME Group or its affiliated institutions. All examples discussed are hypothetical situations, used for explanation purposes only, and should not be considered investment advice of the results of actual market experience. Although every attempt has been made to ensure the accuracy of the information herein, CME Group and its affiliates assume no responsibility for any errors or omissions. All data is sourced by CME Group unless otherwise stated. All matters pertaining to rules and specification herein are made subject to and are superseded by applicable CME Group rules. Current rules should be consulted in all cases concerning contract specifications.
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