- While the 2/5/10-year benchmark tenors comprise the bulk of Eris SOFR open interest, the 7-year (YIB) and 15-year (YIL) tenors recently hit all-time highs
- Hedgers are shifting to these tenors based on changes in key rate duration from valuation models, and are pleased that 15-year liquidity is now available from an expanded group of market makers
- 10-year Eris SOFR (YIY) leads all tenors with 105,483 contracts ($10.5B notional) of front-month open interest, up 44% in Q3
- View Historical Open Interest in easy-to-use graphs on the Eris website
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