New U.S. bond futures make quiet launch

January 11, 2016 8:28 PM

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NEW YORK A new U.S. Treasury futures contract debuted in light trading on Monday, six years after the CME Group launched the last futures contract on U.S. government debt.

Analysts expect demand for the new "ultra" 10-year Treasury contract as it is intended to better reflect the value of the benchmark 10-year government note in the cash market over the existing 10-year Treasury futures.

Also read: AP Source: Rodney, D-Backs Agree to $2.75M, 1-Year Contract

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