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Trading in Treasury Bond Futures Contracts and Bonds in Australia

Author

Listed:
  • Belinda Cheung

    (Reserve Bank of Australia)

Abstract

Treasury bond futures are a key financial product in Australia, with turnover in Treasury bond futures contracts significantly larger than turnover in the market for Commonwealth Government securities (CGS). Treasury bond futures contracts provide a wide variety of market participants with the ability to hedge against, or gain exposure to, interest rate risk. This article discusses some of the features of the Treasury bond futures contract, and how the contract is used to facilitate hedging activities and management of bond inventories by bond dealers.

Suggested Citation

  • Belinda Cheung, 2014. "Trading in Treasury Bond Futures Contracts and Bonds in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 47-52, September.
    • Handle: RePEc:rba:rbabul:sep2014-06
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2014/sep/pdf/bu-0914-6.pdf
    Download Restriction: no
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    References listed on IDEAS

    as
    1. Bobby Lien & Andrew Zurawski, 2012. "Liquidity in the Australian Treasury Bond Futures Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 49-58, June.
    Full references (including those not matched with items on IDEAS)

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