Ultra 10-Year Futures and Options
Quarterly Product UpdateUltra 10-Year Note futures provide a more efficient, off-balance-sheet, and precise way to trade 10-year Treasury exposure.
| Product | Last | Change | Chart | Globex Vol |
|---|
- Launched in 2016 to address marketplace demand for a futures contract more closely tied to the 10-year maturity point on the Treasury yield curve
- One of the most successful launches in CME Group’s history, with ADV of 230K contracts and open interest exceeding 950K contracts in just their fourth year
- Deliverable basket is original issue 10-Year U.S Treasury Notes, with remaining terms to maturity at delivery between 9 years 5 months and 10 years
- Highly complementary to existing benchmarks, enabling new spread and curve trading opportunities
- Automatic margin offsets versus existing interest rate products, and eligibility for portfolio margining with CME-cleared interest rate swaps
- Weekly, monthly and quarterly options available on a highly liquid futures contract
| Clearing | CME Globex | Floor | CME ClearPort | Product Name | Subgroup | Exchange | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|
| TN | TN | - | TN | Ultra 10-Year U.S. Treasury Note Futures | US Treasury | CBOT | 249,349 | 956,021 |
| TN1 | TN1 | TN1 | TN1 | Ultra 10-Year U.S. Treasury Note Weekly Options - Week 1 | US Treasury | CBOT | 0 | 0 |
| TN2 | TN2 | TN2 | TN2 | Ultra 10-Year U.S. Treasury Note Weekly Options - Week 2 | US Treasury | CBOT | 0 | 0 |
| TN4 | TN4 | TN4 | TN4 | Ultra 10-Year U.S. Treasury Note Weekly Options - Week 4 | US Treasury | CBOT | 0 | 0 |
| TN | OTN | OTN | TN | Ultra 10-Year U.S. Treasury Note Options | US Treasury | CBOT | 0 | 0 |
| TN3 | TN3 | TN3 | TN3 | Ultra 10-Year U.S. Treasury Note Weekly Options - Week 3 | US Treasury | CBOT | 0 | 0 |
| Futures | Options | |||
|---|---|---|---|---|
| Quarterly/Serial | Friday Weekly | Wednesday Weekly | ||
| CME Globex |
TN | OTN | TN1-5 | WX1-5 |
| Bloomberg | UXY | UXY | UXW | UXTA Comdty |
| Thomson Reuters** | 0#1TN: | 0#1TN+ | 0#TNW+ | 0#WXW+ |
| TT | TN | OTN | TN1-5 | WX1-5 |
| CQG | TNA | TNA | TNA1-5 | WXA1-5 |
| SunGard | TN | OTN | TN1-5 | WX1-5 |
| Fidessa | TN | OTN | TN1-5 | WX1-5 |
| Vela (Options City) | TN | OTN | TN1-5 | WX1-5 |
| ION (Pats & FFastFill) | TN | OTN | TN1-5 | WX1-5 |
| Broadway Technology | TN | OTN | ||
| DTN | @TN | @TN | @TN1-@TN5 | @WX1-@WX5 |
| Celoxica | TN | OTN | ||
| Object Trading | TN | OTN | TN1-5 | WX1-5 |
| ORC & Tbricks | TN | OTN | TN1-5 | WX1-5 |
| Rithmic | TN | OTN | TN1-5 | WX1-5 |
| REDI | TN | OTN | TNI | Not supported |
| Rival | TN | OTN | TN1-5 | WX1-5 |
**Codes for Thomson Reuters:
- Composite Futures (Globex plus blocks) - 0#TN:
- Globex Futures - 0#1TN:
- Globex Options - 0#1TN+
- Pit Options - 0#2TN+
-
-
Treasury Products Home
- View the full suite of Treasury products, offering deep liquidity across all major maturity points of the U.S. Treasury yield curve.
-
-
-
Rates Recap
- The monthly Rates Recap keeps you informed on latest news and events happening in the Interest Rates market.
-
For questions or information about the new Ultra 10-Year contracts:
To stay up-to-date with clearing and regulatory advisories:
© 2020 CME Group Inc. All rights reserved.