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Bond Futures

 

Bond futures CFD products offer traders the opportunity to hedge their equities exposure and diversify their strategy. IC Markets offers a range of bonds from around the world including, ICE Futures Europe, Eurex and the Chicago Mercantile Exchange (CME).

Bonds are offered exclusively on Metatrader 4 and Metatrader 5 with competitive spreads across all fixed income futures products. CFD futures are priced directly from the underlying futures markets, with commissions, financing charges and dividend adjustments all built into the spread itself.

Offered products are listed in the tables below.

 

Bonds 

Bond MarketSymbol
BTP Italian Bonds
ITBTP10Y
Euro Bobl
EURBOBL
Euro Bond
EURBUND
Euro Schatz
EURSCHA
Japanese (JGB) 10-year Bonds
JGB10Y
UK Long Gilt Bonds
UKGB
U.S 10-year Treasury note
UST10Y
U.S 5-year Treasury note
UST05Y
U.S Treasury Bond
UST30Y

 

Bond Futures CFD Example
 

Opening the Position

You hold the view that the US Economy is strengthening and 5-year treasury yields will increase. You sell 10 contracts of March 2014 5-year US Treasury Note futures at 120 25/32.

Your view is correct and 5-year treasury yields rise and the March 2014 5-year T-note futures price declines.

Closing the Position

You buy back the 10 March 2014 5-year T-note futures contracts at 120 03/32.

Profit = 10 * (120 25/32 – 120 03/32) * $1000 = $6,875

 Note*: When yields rise, prices fall. When yields fall, Prices Increase.

Yield is calculated by dividing the coupon by the par value. If the price falls then the yield will increase.

 

Upcoming Expiring Futures

Futures expiry/roll process

IC Markets Futures CFDs are set to expire on the day the contract expires on the underlying market. When a Futures CFD contract expires, all open positions will be closed at the futures settlement price; as reported by the futures exchange. This process would usually take place on the day following the expiry. Open positions are not rolled to the next front month so any clients wishing to hold long term positions must reopen the trade on the next available contract.

 

SybmolNameContract MonthExpiry
ITBTP10YZ7BTP Italian Bonds (per 0.01)
DEC-1706-DEC-17
EURBOBLZ7Euro Bobl (per 0.01)
DEC-1706-DEC-17
EURBUNDZ7Euro Bund (per 0.01)
DEC-1706-DEC-17
EURSCHAZ7Euro Schatz (per 0.01)
DEC-1706-DEC-17
JGB10YZ7Japanese 10yr (per 0.01)
DEC-1708-DEC-17
UKGBZ7UK Long Gilt (per 0.01)
DEC-1728-NOV-17
UST10YZ7US 10 YR T-Note - DECIMAL (per 0.005) DEC-1729-NOV-17
UST05YZ7US 5 YR T-Note - DECIMAL (per 0.005)
DEC-1729-NOV-17
UST30YZ7US 30 YR T-Note - DECIMAL (per 0.01)
DEC-1729-NOV-17

 

Contract Specification Sheet

IC Markets Contract Specification Sheet provides further information regarding the Bonds on offer and their trading hours and spreads.

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