M26-U26 Roll Update (CGZ, CGF, CGB & LGB)

The M26 roll window opens around May 26, coinciding with U.S. Memorial Day. Early delivery is unlikely across all contracts, though CGZ (2-year) shorts may deliver early to improve capital efficiency. Wildcard options have minimal value. The roll will pit price-sensitive traders against each other, with fewer price-insensitive portfolios involved.


