Smaller Ticks, Lower Costs: BrokerTec Reduces 3-Year MPI
While long-term rates have begun to rise in early 2021, the short end of the curve remains at historic lows. Following the success of minimum price increment reductions in the BrokerTec 2-Year Treasury Note and CBOT 2-Year Treasury Note futures, a tick cut in the 3-Year Treasury Note will allow more precise hedging and price discovery.