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On May 16, the CME Group, a global derivatives market, announced that the open interest (OI) for U.S. Treasury futures reached a record-breaking 17,222,551 contracts on May 12, marking the fifth consecutive day of record open interest. Agha Mirza, Global Head of CME’s Interest Rate and OTC Products, stated, “Market traders’ demand for risk transfer continues to grow, leading them to turn to highly liquid U.S. Treasury futures in record numbers.”