CBOT members traded 13,259 10-Year Agency futures yesterday, surpassing the previous record of 9,293 set March 23. The CBOT launched its10-Year contract on March 15, 2000, and continues to lead the industry in volume and liquidity.
Open interest in CBOT 10-Year Agency futures reached 12,778 yesterday - - marking the first time any exchange surpassed the critical 10,000 milestone for this contract.
CBOT Chairman David P. Brennan said, "As CBOT members continue to provide unmatched liquidity and expertise in 10-Year Agency futures, our customers tell us they look forward to seeing 5-Year Agency contracts at the CBOT as well. Customer service has been the hallmark of our exchange for 152 years, and we will offer customers the most effective 5-Year Agency contracts beginning May 3."
CBOT President and CEO Thomas R. Donovan said, "The strong growth of our agency complex demonstrates how CBOT members maximize their innovation and fortitude to succeed in the face of tough, global competition. Because of the strong and deep liquidity CBOT members already are providing with agency futures, our customers are participating at record levels compared with the early stages of other contracts."
The CBOT 5-Year Agency Note futures and options contracts will be based on Fannie Mae® Benchmark NotesSM and Freddie Mac Reference NotesSM. Like the CBOT 10-Year Agency note contracts, the 5-Year agency complex will complement the CBOT's existing Treasury complex.
