Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
2-Year U.S. Treasury Note
Product Snapshot: 2-Year U.S. Treasury Note Options This product is based on the 2-Year U.S. Treasury Note, a negotiable debt obligation issued by the U.S. government and backed by its full faith and credit.
2-Year U.S. Treasury Note Options provide a way to:
- Hedge interest rate risk with limited downside risk and maximum upside potential
- Express a view on the direction of interest rates at the short end of the yield curve
- Manage your delta risk by trading the liquid markets of the underlying futures contracts
- Execute a wide range of trading strategies including:
- Yield curve trades against other Treasury futures
- Spread trades against other CME Group Interest Rate products
View free real-time quotes on a variety of electronically traded CME Group products
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.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
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.
| Trade Unit | One 2-Year U.S. Treasury Note futures contract of a specified delivery month | ||
| Settle Method | Delivery | ||
| Point Size | 1 point = $15.625 | ||
| Strike Price Interval | One-quarter point ($500/contract) to bracket the current 2-Year T-note futures price. | ||
| Strike | |||
| Limits/Price Banding | No limits | ||
| Tick Size (Minimum Fluctuation) |
|
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| Trading Hours | Sunday/Friday 5:30 p.m.-4:00 p.m. CT; Shutdown period from 4:00 p.m. to 5:00 p.m. nightly | ||
| Listed | All listed intervals | ||
| Product Codes | Clearing: 26 Open Outcry: TUC/TUP Globex: OZT | ||
| Minimum Block Size | |||
| Product Calendar | First three consecutive contract months (two serial expirations and one quarterly expiration) plus the next four months in the quarterly cycle (Mar, June, Sep, Dec). Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period. View current product listings |
| Trade Unit | One 2-Year U.S. Treasury Note futures contract of a specified delivery month | ||
| Settle Method | Delivery | ||
| Point (Tick) Size | 1 point = $15.625 | ||
| Strike Price Interval | One-quarter point ($500/contract) to bracket the current 2-Year T-note futures price. | ||
| Strike | |||
| Limits/Price Banding | No limits | ||
| Minimum Fluctuation |
|
||
| Trading Hours | Open Auction: 7:20 am - 2:00 pm, Central Time, Monday - Friday. | ||
| Listed | All listed series | ||
| Product Codes | Clearing: 26 Open Outcry: TUC/TUP Globex: OZT | ||
| Minimum Block Size | |||
| Product Calendar | First three consecutive contract months (two serial expirations and one quarterly expiration) plus the next four months in the quarterly cycle (Mar, June, Sep, Dec). Serials will exercise into the first nearby quarterly futures contract. Quarterlies will exercise into futures contracts of the same delivery period. 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.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
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.
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| OCT08 | 26V08 | 06/23/2008 |  |
09/26/2008 | 09/26/2008 |
| NOV08 | 26X08 | 07/28/2008 | |
10/24/2008 | 10/24/2008 |
| DEC08 | 26Z08 | 01/09/2008 | |
11/21/2008 | 11/21/2008 |
| MAR09 | 26H09 | 01/09/2008 | |
02/20/2009 | 02/20/2009 |
| JUN09 | 26M09 | 04/01/2008 | |
05/22/2009 | 05/22/2009 |
| SEP09 | 26U09 | 07/01/2008 | |
08/21/2009 | 08/21/2009 |
| DEC09 | 26Z09 | 08/25/2008 | |
11/20/2009 | 11/20/2009 |
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.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
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.