CME to list cash-settled treasury futures

By Dow Jones Newswires
Posted Aug. 30, 2010 at 3:00 p.m.

CME Group Inc. intends to broaden the base of traders for its core interest-rate product line, launching in October a futures market tapping into the mammoth supply of U.S. government debt sold at auction.

On-The-Run U.S. Treasury futures will track the most-recently issued government securities, which are the most liquid or actively traded in cash markets, according to CME, which announced the planned rollout Monday.

Unlike existing Treasury futures, OTR contracts will be cash-settled and listed based on the timing of Treasury auctions.

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