CME to launch long-term Treasury futures

Crain's Chicago Business reports:

Derivatives exchange operator CME Group Inc. said Tuesday it plans to launch long-term U.S. Treasury bond futures, with trading expected to begin early next year.

"The Long-Term Treasury Bond futures are being launched in response to strong customer demand for a contract that mimics the duration of a 30-year Treasury bond," said Robin Ross, CME Group's managing director of interest rate products. "The Ultra Bond contract will complement our existing benchmark U.S. Treasury complex and expand the range of risk management and trading opportunities for market participants."