CME Group US Treasury complex surpasses 34 million contracts
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CME Group US Treasury complex surpasses 34 million contracts 31 May 2024US Reporter: Sophie Downes
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CME Group has announced that volume in its US Treasury complex set a new record
of 34,350,339 contracts traded on 28 May.
This surpasses the previous record of 33,322,608 contracts on 27 November 2023.
According to the firm, future actions by the federal reserve board around rate changes means that traders and investors are responding by adjusting their holdings.
In turn, this is contributing to higher volumes.
Agha Mirza, CME Group global head of rates and OTC products, says: “In advance of the Treasury market move toward central clearing, we are also seeing new open interest records as our network of buy side participants continues to grow and we explore more opportunities to extend cost savings across portfolios.”
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