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.

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

SOFR Futures and Options: A Practitioner's Guide

Want to learn about the new standard for short-term interest rates? Get the SOFR handbook from Wiley Finance today.

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 CME Group offers across the entire U.S. dollar-denominated yield curve and explore different ways to trade them.

Take advantage of the liquidity, security, and diversity of government bond markets with U.S. 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 U.S. wholesale unsecured funding market.

Three-Month and Basis Spread futures on the Euro Short-Term Rate (€STR) and RepoFunds Rates (RFR) enable capital-efficient, off-balance sheet hedging of overnight money market and repo rates in Europe.

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.

Physically delivered 30-Year UMBS TBA futures bring the efficiency and global accessibility of a central limit order book to the U.S. mortgage market, with margin offsets and spread trading vs. Treasury 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 U.S. 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, and 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.

Research and analysis

Get our experts' perspectives on current trends.

Stay in the Know

Get news and updates about CME Group Interest Rate futures and options on LinkedIn.

Notices

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.

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