Ultra 10-Year U.S. Treasury Note Futures Futures

In response to market participant demand for a futures contract that enables hedging and spreading at the 10-year maturity point on the Treasury yield curve, the Exchange has announced the introduction of Ultra 10-Year U.S. Treasury Note futures and companion options. Ultra 10-Year T-Note futures will be fulfilled by physical delivery of original-issue 10-year Treasury notes with remaining terms to maturity between 9 years 5 months and 10 years.

Because the Ultra 10-Year T-Note contract is likely to track price dynamics at around the 9-1/2 year point on the Treasury yield curve, it should provide a strong complement to other members of the Treasury Note and Bond futures suite.