CME Group Reports Record Ultra 10-Year Note and 30-Year Bond Futures Volumes on Feb 23

US derivatives giant CME Group announced that Ultra 10-Year Note futures broke the precious record volume of 1.5 million contracts set on February 25, 2020, reaching a new all-time high of 1.7 million on February 23. 30-Year Bond futures also hit a daily record of 1.8 million contracts on February 23, surpassing the prior record of 1.7 million set on February 25, 2020.

Additionally, Ultra 10-Year Note futures touched numerous open interest (OI) records during the month of February, including a record 1.4 million contracts on February 22, 2021, breaking the previous record of 1.32 million set on February 19, 2021.

According to Agha Mirza, Managing Director and Global Head of Interest Rate and OTC Products, CME Group, during the month of February, CME Group has seen strong trading volume and record open interest across numerous products in response to rapidly increasing U.S. Treasury market volatility as yields in some tenors have hit 12-month highs.

During the month of February, other notable records CME Group's Interest Rates complex reached include:

· Several 3-Year Mid-Curve options OI records, including a record 5.4 million contracts on February 11, surpassing the previous record of 5.05 million contracts set in September 2013.

· Record Eurodollar 3-Year Mid-Curve options volume of 994,059 contracts on February 16, above the previous record of 891,227 set on January 11, 2021.

· Record SOFR futures OI of 751,594 contracts on February 24, surpassing the previous record of 746,131 set on February 22, 2021.

· Record 3-Year Note futures OI of 13,584 contracts on February 23, passing the previous record of 12,082 set on February 22, 2021.