Figure 1: Swap Spread Performance

Figure 2: Swap Spread Comparison

Overview and Top Benefits of Eris/Treasury Swap Spreads

Spread Basics: Contract Specifications

Figure 3: Contract Specifications

Eris SOFR Swap futures: Liquid futures for benchmark tenors of SOFR swaps

Figure 4: Eris SOFR Volume & Open Interest

How to view markets for Eris/Treasury Swap Spreads

Figure 5: How to view markets for Eris/Treasury Swap Spreads

Comparison to Headline Spreads and Invoice Spreads

Figure 6: Swap Spread Comparison

How implied prices maximize liquidity

Figure 7: “Implied In” vs. “Implied Out” prices

Use Case 1: Spread trader takes a view on swap spreads simply, anonymously and margin-efficiently

Use Case 2: Dealer hedges CME Group interest rate swaps electronically, with lower fees

Use Case 3: Portfolio Manager switches to swaps during the quarterly roll using a single spread trade, lowering execution cost