2-Year Treasury Notes Achieve All-Time Highs

Traders position their portfolios ahead of a potential rate hike

Unemployment was a major focus of Federal Reserve Chair Yellen’s Congressional testimony last week, and this Friday’s employment reports could be a potential catalyst for changes to FOMC rates policy.

Traders are turning to 2-Year Treasury Futures and Options to position their portfolios for potential changes to FOMC policy, as evidenced by the following all-time records:

A record 1.9 million contracts were traded on February 24, which was the first day of the Yellen’s testimony to Congress

February Futures & Options ADV hit a new record of 605,000+ contracts with Futures Q1 ADV up 61% year-over-year and Options Q1 ADV up 176% compared to last year

All-time high of 276 large open interest holders, as Open Interest across 2-Year Futures and Options has grown to over 1.5 million contracts

Wednesday: ADP, ISM Non-Manufacturing

Thursday: Jobless Claims

Friday: Jobs Report

March 17-18

April 28-29

June 16-17

April 3

May 8

June 5

Visit cmegroup.com/ir to learn more or contact us at interestrates@cmegroup.com

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