CME · 10-Q · 2026Q3 · Full report

Interest Rate Products

CME GROUP INC. · 2026-10-23 · Importance 38 · Surprise 24

Interest rate contract volumes increased in the third quarter and first nine months of 2026, with activity across CME Group’s Treasury product suite supported by rising Treasury yields. The company attributed the increase to persistent inflationary pressures and the Federal Reserve’s first rate hike in over three years. Average daily volume in 10-Year Treasury futures and options rose to 3.573 million in the quarter from 2.817 million a year earlier; 5-Year volume rose to 2.206 million from 1.900 million.

Key facts

• Interest rate contract volumes increased in the third quarter and first nine months of 2026 compared with the same periods in 2025, primarily driven by persistent inflationary pressures prompting the Federal Reserve's first rate hike in over three years. source
• The third-quarter 2026 average daily volume for interest rates was 15.121 million, compared with 13.378 million in 2025. source
• The first-nine-month 2026 average daily volume for interest rates was 16.085 million, compared with 14.611 million in 2025. source
• Third-quarter 2026 average daily volume for SOFR options was 1.277 million, compared with 1.560 million in 2025. source
• Third-quarter 2026 average daily volume for 10-Year U.S. Treasury futures and options was 3.573 million, compared with 2.817 million in 2025. source
• Third-quarter 2026 average daily volume for 5-Year U.S. Treasury futures and options was 2.206 million, compared with 1.900 million in 2025. source
• Third-quarter 2026 average daily volume for 2-Year U.S. Treasury futures and options was 1.434 million, compared with 1.058 million in 2025. source
• Surging Treasury yields to multi-year highs generated strong trading activity across CME Group's Treasury product suite in 2026. source