Surging T-Bill issuance has increased the need for a direct and effective hedging instrument for short-term government debt. 13-Week U.S. Treasury Bill futures aim to meet that need – offering a capital-efficient and precise way to hedge the potential T-Bill yield at auction while also providing for inter-commodity spreads and margin offset opportunities.
Features and benefits
Pinpoint T-Bill exposure
Precisely hedge risks related to yields of 13-Week T-Bill at auctions with six contracts over the nearest one year forward curve.
Spread SOFR vs. T-Bills
Seamlessly trade the basis between leading U.S. money market rates with inter-commodity spreads vs. SOFR futures.
Unlock capital efficiencies
Enjoy automatic margin offsets vs. established interest rate products.
Explore this product in depth
Trade T-Bill Futures on CME Direct
A fast, secure, and highly configurable trading front end, CME Direct offers a one-stop shop for accessing liquidity across CLOB trading, RFQs, and block negotiation/reporting workflows. Not on CME Direct? Get started.
Download T-Bill trading grids
- Right click on the link and select "Save link as...".
- Save the file as an .XML on your computer.
- In CME Direct, select import view in the main menu.
- Import the grid into CME Direct.
- Under Menu, click on Save Window Layout.
Introduction to hedging with T-Bill futures
David Gibbs, Director of Education at CME Group, discusses ways to use T-Bill futures to hedge interest rate exposure, how the contract fits with other STIR products, and more.
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.
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