CME Group Inc. has announced the launch of Ultra 10-Year US Treasury Note futures and options. The total volume through the first four trading days was 60,968 contracts with participation from more than 80 firms. Open interest reached 20,041 as of Jan. 14.

Trading volume and open interest in this new contract has increased each day. Trading was active during all three global trading sessions, with the first trades taking place during the opening of the Asian session, shortly after 5 p.m. CT on Jan. 10.

The Ultra 10-Year futures were launched in response to overwhelming client demand to create a product that precisely tracked the 10-year point on the Treasury curve, one of the most active fixed income benchmarks. This is highly complementary to existing CME Group futures products including TY, which has a deliverable basket that includes securities with as short as 6-and-a-half years to maturity, in comparison to the Ultra 10-Year, which is limited to those with at least nine years, five months remaining term to maturity. These contracts are listed by and subject to the rules of the CBOT.