WASHINGTON -- The Chicago Board of Trade said yesterday that its municipal bond futures contract set a new weekly volume record for the week ended Dec. 2.

The exchange said 85,447 contracts changed hands, which broke the record of 70,627 contracts traded in the last week of February.

Volume in the muni bond index is currently up 94.1% from a year ago, the exchange said.

"As our new world volume record reflects, we have witnessed dramatic growth in our financial futures contracts, including the CBOT muni bond futures," said exchange chairman Patrick Arbor.

Year-to-date trading in the Chicago Board of Trade's financial futures markets is outpacing last year's levels by 32.1%, the exchange said.

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