TYVIX Futures

The Cboe/CBOT 10-Year U.S. Treasury Note Volatility IndexSM (TYVIXSM) provides a measure of expected volatility specific to the fixed income market. The index is calculated from CBOT's options on 10-Year Treasury futures using the same methodology as VIX®. Consequently, TYVIX represents the variability of percentage changes in the price, as opposed to the yield of 10-Year Treasury notes. TYVIX futures (VXTY) are the first exchange-traded products based on interest rate volatility and offer a direct way to gain exposure to forward implied interest rate volatility.