Interest Rate futures and options
Explore the deepest centralized pool of liquidity, offering capital-efficient risk management solutions throughout the yield curve.
Trade across the yield curve
Use Interest Rate futures and options to manage exposure to government bonds and money market securities in a safe, capital-efficient way. Access a full range of benchmark products—Eurodollars, Fed Funds, SOFR, US Treasuries—across the USD yield curve, from one-week to 30-years.
Quicklinks
Interest Rate news and events
Get the latest updates on the Interest Rate futures and options market with product news and information, macro trends, and more.
PRODUCTS
20-Year Treasury Bond futures
Now trading: A more precise hedge for 20-year Treasury exposure, featuring a focused deliverable basket of original issue 20-year bonds with remaining term to maturity between 19 years 2 months and 20 years.
Track forward-looking risk expectations on U.S. Treasuries with the CME Group Volatility Index (CVOLTM), a robust measure of 30-day implied volatility derived from deeply liquid options on Treasury futures.
Explore our Interest Rate products
Learn about the products we offer across the entire US dollar-denominated yield curve, and explore different ways to trade them.
Take advantage of the liquidity, security, and diversity of government bond markets with US Treasury futures and options. Benefit from a highly liquid marketplace, as well as easy-to-access efficiencies.
The leading tools for hedging USD short-term interest rates, SOFR futures and options offer deep liquidity extending over five years out the term structure, alongside 80 options expiries for fine-tuning exposures from one week to four years.
A cost-effective way to manage risk for short-term interest rates, Eurodollar futures and options are the preferred tools for traders who want to express a view on future interest rate moves.
Widely used for hedging short-term interest rate risk, Fed Fund futures are a reflection of the marketplace insight about the course of the Federal Reserve’s monetary policy.
Manage risk and tap into price discovery with futures on the Bloomberg Short-Term Bank Yield (BSBY) Index, a forward-looking, credit-sensitive reference rate that tracks the US wholesale unsecured funding market.
Peso-denominated, monthly futures contracts based on the Central Bank of Mexico’s Overnight TIIE Funding Rate (F-TIIE) – an IOSCO-compliant, risk-free reference rate based on the highly-developed and liquid Mexican repo market.
Expand efficiencies or create new spread trading and margin offset opportunities, using SONIA futures and other Interest Rate products—Eurodollar, Fed Fund, and SOFR futures.
Swap futures offer interest rate swap exposure with the margin efficiency and simplicity of a standardized futures contract. Capitalize on multiple execution venues, flexibility at expiration, and risk offsets.
Resources
View contract and exchange details to help you trade Interest Rate futures and options.
Platform
BrokerTec
Trade cash bonds and repo on our industry-leading, anonymous dealer-to-dealer electronic trading platform for the US and European fixed income markets.
Interest Rate tools
Build and refine your trading strategies with free pricing and analytics tools for CME Group Interest Rate products.
TreasuryWatch Tool
Gain an in-depth view into world's most secure and liquid government debt market. View futures vs. cash yields, track Treasury auctions and coupon issuance by tenor, chart the Fed's balance sheet composition.
Get started today
Create a CMEGroup.com Account and unlock access to premium content, pro tools, and apps. Manage market alerts, build a portfolio of the products you want to watch, and subscribe to reports to stay informed about market-moving events.
Courses
Take self-guided courses on Interest Rates
If you're new to futures, the courses below can help you quickly understand the Interest Rate market and start trading.
Contact an Interest Rate expert
Connect with a member of our expert Interest Rate team for more information about our products.
