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5-Year US Treasury futures and options are deeply liquid and efficient tools for hedging interest rate risk, potentially enhancing income, adjusting portfolio duration, interest rate speculation and spread trading.

Latest Interest Rates news
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News-And-Events/News

Products/Interest Rates/5-year-treasury-note

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/content/cmegroup/en/news
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Tools
Articles & Reports
Resources
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Explore this product in depth

Review contract highlights

CME Globex: ZF
CME ClearPort: 25
Clearing: 25
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5-Year Treasury CVOL Index

Track forward-looking risk expectations on 5-Year Treasuries with the CME Group Volatility Index (CVOLTM), a robust measure of 30-day implied volatility derived from deeply liquid options on 5-Year U.S. Treasury Note futures.

Product code
TYVY
Product name
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10
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1
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URL
/trading/interest-rates/yield-futures?itm_source=pdp_5yr&itm_medium=promo_tile&itm_campaign=micro_ust&itm_content=20210816_launch
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PRODUCTS
Eyebrow Color
Title
Micro Treasury Yield futures
Title Color
Description
Discover a streamlined approach to trading interest rate markets with Micro Treasury Yield futures, contracts based directly on yields of the most recently auctioned Treasury securities at key tenor points across the curve.
Footer
Learn more [link-bold]
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URL
/markets/interest-rates/stirs/us-t-bill
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Title
T-BILL FUTURES
Description
PRECISE EXPOSURE AT THE SHORT END OF THE CURVE
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Market Commentary

View the latest insights on trends in the Interest Rate futures and options market.

View all Interest Rate Commentary Videos
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Courses

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Take self-guided courses on US Treasury futures and options products.

If you're new to futures, the courses below can help you quickly understand the US Treasury market and start trading.

8 modules

Introduction to Treasuries

Launch course

Explore more courses [link-bold]
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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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