Bond derivatives
Interest rate derivatives providing efficient exposure to the Australian debt markets.
In July 2025, ASX re-established the 3-Year Treasury Bond Futures contract minimum price movement (“tick size”) to 0.5 basis points. This targeted microstructure change was informed by comprehensive analysis of order book dynamics and industry feedback. Since implementation, ASX has observed a notable uplift in liquidity, with top of book volume increasing by an average of 75% compared to the pre-change 2025 average, alongside sustained average volumes across the top 5 price levels.
Gain exposure to Australian debt markets by trading ASX Treasury Bond Futures and Options
Underpinned by a basket of liquid Australian Government Bonds, the 3, 5, 10 and 20 Year Treasury Bond Futures are a cost effective tool that can be used to enhance portfolio performance, manage duration, hedge risk exposures and take advantage of curve and spread trading opportunities.
The 3 and 10 Year Treasury Bond Futures are benchmark derivative products that rank amongst the most liquid and actively traded interest rate futures globally. Term and One Session Options (intraday and overnight) are also available for trading on these contracts.
All interest rate futures products are eligible for automated cross-product margining with ASX cleared OTC derivatives.
Product overview
Like any investment, futures and options on futures, have risks you need to understand before trading. You should obtain independent advice from a professional adviser before making a decision.
Contract specifications
ASX 3, 5, 10 and 20 year bond series
| December 2025 | ||
| ASX 3 year bond contract | ||
| 2.25% | May | 2028 |
| 2.75% | November | 2028 |
| 3.25% | April | 2029 |
| 2.75% | November | 2029 |
| ASX 5 year bond contract | ||
| 2.5% | May | 2030 |
| 1.00% | December | 2030 |
| 1.50% | June | 2031 |
| 1.00% | November | 2031 |
| ASX 10 year bond contract | ||
| 3.5% | December | 2034 |
| 2.75% | June | 2035 |
| 4.25% | December | 2035 |
| 4.25% | March | 2036 |
| 3.75% | April | 2037 |
| ASX 20 year bond contract | ||
| 2.75% | May | 2041 |
| 3.00% | March | 2047 |
| 1.75% | June | 2051 |
| March 2026 | ||
| ASX 3 year bond contract | ||
| 2.75% | November | 2028 |
| 3.25% | April | 2029 |
| 2.75% | November | 2029 |
| ASX 5 year bond contract | ||
| 2.50% | May | 2030 |
| 1.00% | December | 2030 |
| 1.50% | June | 2031 |
| 1.00% | November | 2031 |
| 1.25% | May | 2032 |
| ASX 10 year bond contract | ||
| 2.75% | June | 2035 |
| 4.25% | December | 2035 |
| 4.25% | March | 2036 |
| 4.25% | October | 2036 |
| 3.75% | April | 2037 |
| ASX 20 year bond contract | ||
| 2.75% | May | 2041 |
| 3.00% | March | 2047 |
| 1.75% | June | 2051 |
Market essentials
ASX Rates Ecosystem
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Watch and learn how these services culminate in a highly regulated, diverse network that provides efficient access to deep liquidity required to manage risk. ASX continues to optimise and extend this network of services to meet evolving customer needs in a changing marketplace and economic environment.
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