Cme group to launch first-ever tba futures for mortgage backed securities market on october 3

Chicago , june 22, 2022 /prnewswire/ -- cme group, the world's leading derivatives marketplace, today announced it will expand its suite of long-term interest rate products to offer the first-ever 30-year uniform mortgage-backed securities (umbs) tba futures contracts on october 3, pending regulatory review. "our new 30-year umbs tba futures contracts will provide the mortgage-backed securities market with access to a liquid risk management tool to hedge their risk in a more capital efficient way," said agha mirza, cme group global head of rates and otc products.
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