Trading in Treasury Bond Futures Contracts and Bonds in Australia

Belinda Cheung

RBA Bulletin (Print copy discontinued), 2014, 47-52

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.

Keywords: Australian Treasury bond futures; Bond futures contract; EFP; Three-year bond; Ten-year bond (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:rba:rbabul:sep2014-06

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