As the Federal Open Market Committee considers changes in its interest rate policy, managing swap spreads will be critical for dealer desks, asset managers and hedge funds. With many recent innovations and capital efficiencies, Eris/Treasury Swap Spread trading is helping clients more efficiently execute swap spread trades.
Trading swap spreads with Eris SOFR Swap futures and Treasury futures as CME Globex inter-commodity spreads unlocks the benefits of liquid, anonymous, electronic futures markets.
Contents
- Overview & Top Benefits of Eris/Treasury Swap Spreads
- Spread Basics: Contract Specifications
- Eris SOFR Swap futures: Liquid futures for benchmark tenors of SOFR swaps
- How to view markets for Eris/Treasury Swap Spreads
- Comparison to Headline Spreads and Invoice Spreads
- How implied prices maximize liquidity
- Use Case 1: Spread trader takes a view on swap spreads simply, anonymously, & margin-efficiently
- Use Case 2: Dealers hedge CME interest rate swaps electronically, with lower fees
- Use Case 3: Portfolio Manager switches to swaps during the quarterly roll using a single spread trade, lowering execution cost
