Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CME GROUP INC.

(CME)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CME : micro Treasury futures offer simplicity with yield focus

06/09/2021 | 02:28pm EDT

June 9 (Reuters) - The CME Group’s new micro Treasury futures will likely attract traders of stocks and other asset classes as the first contracts at the exchange that are based on yield moves in the most actively traded Treasuries, an exchange official said on Wednesday.

The CME on Wednesday said it will launch new micro futures contracts based on two-year, five-year, 10-year and 30-year Treasuries in August, subject to regulatory approval.

The contracts will be intuitively easier to understand for non-fixed income professional investors who may otherwise struggle with its existing Treasury future products, which are based on prices, said Sean Tully, CME Group Global Head of Financial and OTC Products in an interview.

“The idea here is to have a new product that is yield-based that is much easier for the typical investor to relate to,” he said.

The micro contracts will be roughly one-tenth of the size of the CME’s existing Treasury futures contracts. Each basis point move in the underlying Treasury will be worth $10.

The new contracts will also be the first at the CME to be based on the so-called “on-the-run” Treasuries, which are the most recently issued and most actively traded Treasuries.

That will make it easier for fixed income professionals to trade the basis between these Treasuries and older issues, which are known as “off-the-runs.”

“We’re giving much greater choice, much greater granularity and the ability to trade that basis between the on-the-runs and the off-the-runs,” Tully said.

Benchmark Treasury yields have fallen from one-year highs in March as investors wait for new indications on when the Federal Reserve is likely to begin tapering its unprecedented bond purchases.

The U.S. Treasury has been selling record amounts of debt to finance widening deficits and as it increases spending in an effort to stimulate the economy.

(Reporting by Karen Brettell; Editing by Alden Bentley and Chizu Nomiyama)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CME GROUP INC. -0.18% 215.45 Delayed Quote.18.57%
SIMPLICITY HOLDING LIMITED 0.42% 0.237 End-of-day quote.85.16%
All news about CME GROUP INC.
11:38aCME  : Micro E-mini Equity Options Surpass 1.5 Million Contracts Traded
PR
10:01aCME GROUP  : and Mayor Lightfoot Award Scholarships for Star Scholars to Continu..
PR
06/21CME GROUP  : to Launch Nature-Based Global Emissions Offset Futures on August 1
PR
06/21CME  : SEC Filing (3/A)
PU
06/21CME  : SEC Filing (5)
PU
06/18SECTOR UPDATE : Financial Stocks Retesting Friday Session Lows in Late Trade
MT
06/18GOLDMAN SACHS  : Tabs Galaxy Digital as Liquidity Provider for Bitcoin Futures B..
MT
06/18GALAXY DIGITAL  : Becomes Liquidity Provider for Goldman Sachs' Bitcoin Futures ..
MT
06/18Galaxy Digital to Serve as Goldman Sachs' Liquidity Provider for Bitcoin Futu..
DJ
06/17CME  : Significant Insider Sales in Shares of CME Group (CME) Extends the Sellin..
MT
More news
Financials (USD)
Sales 2021 4 892 M - -
Net income 2021 2 243 M - -
Net Debt 2021 1 569 M - -
P/E ratio 2021 34,6x
Yield 2021 2,92%
Capitalization 77 515 M 77 515 M -
EV / Sales 2021 16,2x
EV / Sales 2022 15,2x
Nbr of Employees 4 370
Free-Float 99,6%
Chart CME GROUP INC.
Duration : Period :
CME Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CME GROUP INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 215,86 $
Average target price 213,11 $
Spread / Average Target -1,27%
EPS Revisions
Managers and Directors
NameTitle
Terrence A. Duffy Executive Chairman & Chief Executive Officer
John William Pietrowicz Chief Financial Officer & Senior Managing Director
Kevin Dean Kometer Chief Information Officer & Senior MD
Julie Holzrichter Chief Operating Officer & Senior Managing Director
Terry L. Savage Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CME GROUP INC.18.57%77 515
TRADEWEB MARKETS INC.37.95%17 376
JAPAN EXCHANGE GROUP, INC.-0.70%12 568
ASX LIMITED8.04%11 333
MOSCOW EXCHANGE MICEX-RTS10.25%5 434
PLUS500 LTD.-4.03%1 963