Ultra long bond

摘要

To many traders, a 30-year Treasury bond is a 30-year Treasury bond, but the intricacies within the contract specs coupled with the Treasury Department's decision to stop issuing new 30-year debt in 2001, had left many traders, particularly duration managers, wanting.rnRobin Ross, managing director of interest rate products for CME Group, says for years, "People asked, 'when are you going to have a real 30-year bond?'"rnNow that the Treasury has reissued the long bond, and plenty of them, CME Group is launching the "ultra bond," a 30-year bond contract where the deliverable securities will be comprised of cash bonds with 25 or more years to maturity.