US Treasury futures
U.S. Treasury bond and note futures are widely used for managing risk on fixed-income securities. Holding fixed-income securities can be tantamount to speculating on the future direction of interest rates.
Interest rate futures were pioneered by the Chicago Board of Trade (CBOT) in 1975 in response to a need for tools that could protect against sharp and frequent swings in the cost of money. The first of such products was U.S. Treasury bond futures, which were followed by futures on 10-year, 5-year, and 2-year U.S. Treasury notes.
U.S. Treasury futures contracts traded include:
- CME Group 30-Year U.S. Treasury bonds
- CME Group 2-Year U.S. Treasury notes
- CME Group 5-Year US Treasury Note
- ELX 2-Year Treasury Notes
- ELX 5-Year Treasury Notes
- ELX 10-Year Treasury Notes
- ELX 30-Year Treasury Bonds
- NYSE Liffe US Treasury futures