CBOT President and CEO Bernard Dan said, "The CBOT's repeated volume records indicate a vote of confidence by our market users, who place tremendous value on the exchange's liquidity, transparency and market oversight programs. Our customers depend upon the ability to easily enter and exit positions and to do so in a completely open, accessible environment, and that is exactly what the CBOT provides."
The week has been among the exchange's busiest, as the CBOT recorded its second and sixth highest trading volume days on February 24 and February 25 respectively. A total of 2,594,139 U.S. Treasury futures contracts traded yesterday, equal to a notional value of $270.9 billion. This represents 99.26 percent of the notional value of all U.S. Treasury futures contracts traded yesterday.
Moreover, the exchange's open interest continues to build, with new record volume and open interest levels set yesterday in two- and ten-year U.S. Treasury notes. Current open interest in the CBOT U.S. Treasury futures complex is over 3,257,000 contracts, with more than half of that amount already rolled into June, the next contract month.
INDIVIDUAL CONTRACTS' DAILY RECORDS
Contract Feb. 26 Record (Contracts) Prior Record (Date)
Two-year note - Open Interest 238,527 235,175 (Feb. 25, 2004)
Two-year note - Volume 115,115 102,443 (Aug. 27, 2003)
Ten-year note - Open Interest 1,385,646 1,369,456 (Feb. 24, 2004)
Ten-year note - Volume 1,302,830 1,241,076 (May 28, 2003)
