Yield futures
Trade interest rate markets with Yield futures contracts based directly on the most recently auctioned 2-, 5-, 10- and 30-year Treasury securities.
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Tap into the precision of a smaller-sized Treasury Yield contract
Discover a streamlined, intuitive approach to trading interest rate markets with Yield futures, contracts based on one of the world's largest and most influential markets.
WHY TRADE YIELD FUTURES?
Trade in yield
Contracts directly reference a well-known U.S. Treasury market metric: yields of recently auctioned (on the run) Treasury securities.
Access four major benchmarks
Trade the four most-watched curve points: 2-Year Notes, 5-Year Notes, 10-Year Notes and 30-Year Bonds, anchored by BrokerTec U.S. Treasury benchmarks.
Easier spread trading
All four contracts are sized at a constant BPV of $10/basis point of yield (0.01%), making it easier to spread trade.
Enjoy the flexibility of a Micro contract
Small BPV enables a low-cost alternative to other offerings and brings more flexibility to how active traders manage interest rate exposure.
Tools for your trading strategy
Build and refine your trading strategies with free pricing and analytics tools for CME Group Yield futures products.
Resources
Case study: Yield futures [link-bold]
Key macroeconomic events and Yield futures trading [link-bold]
CME Institute Live: Yield futures [link-bold]
Master the Yield futures market
Take self-guided courses on Yield futures products
If you’re new to futures, the courses below can help you quickly understand the Yield futures market and start trading today.
About the BrokerTec U.S. Treasury benchmarks
Yield futures trade around the clock and are settled daily at 3:00 p.m. Eastern Time to corresponding BrokerTec U.S. Treasury benchmarks. These benchmarks reflect activity in BrokerTec’s leading marketplace for cash U.S. Treasuries, publishing corresponding volume-weighted average yield four times a day.
Contact a Yield futures expert
Connect with a member of our expert Yield futures team to get more information about our products, find a broker or to contact a market maker.