CME GroupInc. announced on Tuesday that it will launch US Treasury Bill (T-bill) futures on its derivatives marketplace on October 2.
"As we continue to see record risk transfer in the US Treasury market, our new T-Bill futures will enable clients to hedge exposure to short-term debt with the same value proposition offered across our US Treasury and SOFR complexes," CME Group Global Head of Rates and OTC Products Agha Mirza stated. The exchange operator noted that T-bill futures will be cash-settled and based on the 13-week US Treasury Bill auction discount yield
The decision on the launch of the T-bill futures is subject to regulatory review.