Open interest (OI) in CME Group’s US Treasury futures and options has ballooned to a record high – reaching 36,328,151 contracts on 19 February.
The figure exceeds CME Group’s previous OI record of 35,120,066 contracts, which was reached in November 2025.
Agha Mirza, global head of rates and OTC products, commented, “Clients are continuing to turn to our US Treasury markets in record numbers as uncertainty grows around monetary policy, government spending and other inflationary pressures.”
Within the total results, OI records of 5.8 million, 7.9 million and 12.6 million contracts were seen in 2-, 5- and 10-year Treasury note futures and options respectively.
OI in 30-year Treasury bond futures and options reached 12.6 million contracts.
As of 10 February, the CFTC recognised 2,100 US Treasury futures large open interest holders in its Commitment of Traders report.
CME Group is in competition with newer entrant FMX for Treasury futures market share.
READ MORE: Treasury futures fight intensifies between FMX and CME
Earlier this month, ICE Clear Credit was approved to offer Treasury clearing in the US – introducing another player into space.
READ MORE: Competition in US Treasury clearing could sustain vicious exchange battle
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