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Bond derivatives

Interest rate derivatives providing efficient exposure to the Australian debt markets. 

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

September 2025
ASX 3 year bond contract
2.75%November2027
2.25%May2028
2.75%November2028
3.25%April2029
2.75%November2029
ASX 5 year bond contract
2.5%May2030
1.00%December2030
1.5%June2031
ASX 10 year bond contract
3.5%December2034
2.75%June2035
4.25%December2035
4.25%March2036
3.75%April2037
ASX 20 year bond contract
2.75%May2041
3.00%March2047
1.75%June2051
December 2025
ASX 3 year bond contract
2.25%May2028
2.75%November2028
3.25%April2029
2.75%November2029
ASX 5 year bond contract
2.5%May2030
1.00%December2030
1.50%June2031
1.00%November2031
ASX 10 year bond contract
3.5%December2034
2.75%June2035
4.25%December2035
4.25%March2036
3.75%April2037
ASX 20 year bond contract
2.75%May2041
3.00%March2047
1.75%June2051

Market essentials

3 AND 10 YEAR TREASURY BOND FUTURES & OPTIONS

The benchmark for investors trading and hedging medium to long term Australian dollar interest rates.

PDF - 284KB
5 YEAR TREASURY BOND FUTURES

Exposure to debt markets, ideal for hedging medium-term bonds and interest rate swaps.

PDF - 229KB
20 YEAR TREASURY BOND FUTURES

Exposure to longer-dated debt markets, ideal for hedging long-term bonds and interest rate swaps.

PDF - 186KB
Treasury Bond Futures Expiry Settlement Price methodology

Detailed information on the Bond Futures Expiry Settlement Price calculation and process.

PDF - 465KB
Pricing guide

Identification of which ASX 24 interest rate contracts have a variable tick system and details on how to determine contract values, profit and loss on positions, and variation margins.

PDF - 431KB
ASX 24 data vendor codes

Data Vendor codes for interest rate derivatives.

PDF - 595KB
Expiry Calendar

Expiry dates for the ASX Interest Rate Futures and Options products.
Market notices

ASX market notices are used to communicate subject matter important to ASX's markets and clearing and settlement facilities.
Contract specifications

Complete contract specifications for ASX 24 products.

PDF - 758KB
Market resources

Trading hours, calendars and fees for ASX trading, settlement and clearing products, and services.

ASX Rates Ecosystem

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.

 

Trading and Market Insights

Latest insights from the Australian Cash and Derivatives Market

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