CME Term SOFR Reference Rates are now available for licensing for use in cash market financial products and OTC derivative products.
In response to client requests, we've launched an enhanced data table that now pairs CME Term SOFR rates alongside the New York Fed's overnight SOFR rate, SOFR Index, and SOFR Averages (30-, 90-, and 180-day).
Source: CME Group, NY Fed
In their first three weeks of trading, Micro Treasury Yield futures have seen a rapid uptake as impressive screen liquidity enabled over 165,000 contracts in total volume (11K ADV) and active trading from 185+ unique accounts.
Why trade Yield futures? Consider this use case enabled uniquely by Yield futures:
Futures on the Bloomberg Short-Term Bank Yield (BSBY) index are now live and trading.
As a complement to BSBY futures and our SOFR-based offerings, CME Group will launch Cleared BSBY swaps for both outright OIS and basis swaps beginning November 15*.
CME SOFR futures:
CME Cleared SOFR swaps:
Eris SOFR Swap futures:
A confluence of fiscal and monetary hot spots could mean heightened risk and a more volatile ride ahead for interest rate markets.
Read about potential risks (and risk management solutions) associated with the debt ceiling, the TGA drawdown/RRP paradigm, and the potential for the Fed to begin tapering as the Treasury begins reducing coupon issuance.
Data as of September 3, 2021, unless otherwise specified
*Subject to regulatory review