Back on Feb. 6, NASDAQ OMX announced the Feb. 19 launch of options trading on U.S. Treasury Securities.?
The products, trading on NASDAQ OMX PHLX, enable investors to hedge interest rate risk with “more precision, using an ‘on the run’ convention” and with contracts on specific, underlying U.S. Treasury 10-year notes and 30-year bonds.?
The exchange partnered with?BNY Mellon to develop the products, which?targets fixed income portfolio market participants and managers.
On Feb. 21, The Street’s Jill Maladrino caught up with?Dan Carrigan of NASDAQ OMX and Mark Robinson from BNY Mellon. In this interview, the group discussed the genesis of the ?product, trading ETFs on the underlying products, using the products for different market scenarios, product specifications, exercising the products and retail investors.
Take a look at the interview.
Per The Street, these options are available under the following symbols:
30-Year ‘On-The-Run’ Treasury Bond:?
THIFB (February Auction),?THIMY (May Auction),?THIAG (August Auction) and?THINV (November Auction)?
10-Year ‘On-The-Run’ Treasury Note:?
TENFB (February Auction),?TENMY (May Auction),?TENAG (August Auction) and?TENNV (November Auction)?