CME Group is to list long term – so-called
'ultra’ – US Treasury bond futures in the
first quarter of 2010. The ultra contracts, settled by delivery
of Treasuries with maturities of 25 years or more, will not
replace CME’s 30 year bond future, settled with
government bonds that mature in 15 years or more.
"These futures are being launched in response to strong
customer demand for a contract that mimics the duration of a 30
year Treasury bond," said Robin Ross, CME’s
managing director of interest rate products.
"The ultra bond contract will complement our existing
benchmark US Treasury complex and expand the range of risk
management and trading opportunities for market
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