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Local: 312-930-1000
Toll Free: 866-716-7274
Customer Service
Product inquiries, website issues, and specific questions
Phone: 312-930-2316
Toll Free: 800-331-3332
E-mail:info@cmegroup.com
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13-week T-bill
Product Snapshot: 13-Week Treasury Bill Futures
The 13-Week Treasury Bill (T-Bill) futures contract tracks the cash U.S. Treasury bill market and settles to the weekly U.S. Treasury bill auction rate. U.S. Treasury bills are considered risk-free debt instruments. These bills provide the foundation for the money markets and are seen as reflecting “pure” interest rate movements.
13-Week T-bill futures provide a way to:
- Hedge short-term interest rate risk in the money markets
- Take advantage of profit opportunities stemming from changes in T-bill interest rates
Things to know:
- Contracts trade electronically on the CME Globex platform
- Available virtually around the clock, around the world
- Complete price transparency and anonymity
- Also traded side-by-side on the CME Group trading floor during open outcry trading hours
| Trade Unit | 3-month (13-week) U.S. Treasury Bills having a face value at maturity of $1,000,000 | ||
| Settle Method | Cash Settled | ||
| Point Size | ½ point = .005 = $12.50 | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | 2.00 index points above or below the Reference RTH Price | ||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Mon/Thurs 5:00 p.m.-4:00 p.m. Sun & Hol 5:00 p.m.-4:00 p.m. | ||
| Listed | There shall be no trading of the Three-Month U.S. Treasury bill futures contract during Electronic Trading Hours (ETH) at a price more than 2.00 IMM Index points above or below the Reference RTH Price. | ||
| Product Codes | Clearing=T1 Ticker=TB GLOBEX=GTB | ||
| Minimum Block Size | |||
| Product Calendar | Mar, Jun, Sep, Dec, Four months in March quarterly cycle plus 2 months not in the March cycle (serial months). View current product listings |
| Trade Unit | 3-month (13-week) U.S. Treasury Bills having a face value at maturity of $1,000,000 | ||
| Settle Method | Cash Settled | ||
| Point (Tick) Size | ½ point = .005 = $12.50 | ||
| Strike Price Interval | |||
| Strike | |||
| Limits/Price Banding | No Limit | ||
| Minimum Fluctuation |
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| Trading Hours | 7:20 a.m.-2:00 p.m | ||
| Listed | |||
| Product Codes | Clearing=T1 Ticker=TB GLOBEX=GTB | ||
| Minimum Block Size | |||
| Product Calendar | Mar, Jun, Sep, Dec, Four months in March quarterly cycle plus 2 months not in the March cycle (serial months). View current product listings |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
New Market Maker Programs for Interest Rates Products
Get complete details on our market maker programs for trading options on U.S. Treasuries, 30-Day Fed Funds and Eurodollars
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | TBV08 | 07/15/2008 |  |
10/13/2008 | 10/13/2008 |
| NOV08 | TBX08 | 08/19/2008 | |
11/17/2008 | 11/17/2008 |
| DEC08 | TBZ08 | 12/18/2007 | |
12/15/2008 | 12/15/2008 |
| MAR09 | TBH09 | 03/18/2008 | |
03/16/2009 | 03/16/2009 |
| JUN09 | TBM09 | 06/17/2008 | |
06/15/2009 | 06/15/2009 |
| SEP09 | TBU09 | 09/16/2008 | |
09/14/2009 | 09/14/2009 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| JAN09 | TBF09 | 10/14/2008 | |
01/20/2009 | 01/20/2009 |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
New Market Maker Programs for Interest Rates Products
Get complete details on our market maker programs for trading options on U.S. Treasuries, 30-Day Fed Funds and Eurodollars
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U.S. Treasury Options and 30-Day Fed Funds Options |