Fixed income index futures

Manage bond and credit index exposure with transparent, exchange-listed futures.

ASX-Bloomberg AusBond Index Futures

ASX, in collaboration with Bloomberg Indices, plans to introduce new futures contracts that provide market participants with exchange-listed products to track the Bloomberg AusBond Composite Bond Index (BACM0) and Bloomberg AusBond Credit Index (BACR0), subject to regulatory clearance and industry readiness.

These indices are widely recognised as the primary indices used across the Australian fixed income market, underpinning the delivery of efficient, transparent and capital‑effective tools for the management of exposure to Australian sovereign and credit fixed income.

Bloomberg Indices

The new ASX-Bloomberg AusBond Index Futures is an addition to the global suite of fixed income benchmarks and custom indexing capabilities. The Bloomberg family of fixed income indices traces its history to the first bond ETF, which was benchmarked to what is now known as the Bloomberg US Aggregate Index (formerly the Lehman Brothers Aggregate Index). Since then, they've grown to be the most widely used fixed income indices provider globally.

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Report - Benchmarking the Futures Opportunity in Australian Bonds

Benchmarking the Futures Opportunity in Australian Bonds Report

In a new report, Bloomberg's Fateen Sharaby and Amine Khanjar explore the upcoming launch of the ASX–Bloomberg fixed income futures. This joint initiative places widely used domestic fixed income index benchmarks inside a listed derivatives wrapper, offering a major upgrade for risk expression.

Learn how practitioners can use these new listed derivatives to:

cleanly separate broad sovereign beta (BACM0) from domestic credit spread risk (BACR0)
seamlessly transition between fixed income ETFs and futures
enhance temporary overlays, cash equitisation and hedging strategies.

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Allan McGregor, ASX interviews Marco Barchmann, Challenger and Nita Kong, ASX

In this video, we explain how managing Australian fixed income exposure efficiently is becoming more challenging. Portfolios are tightly benchmarked, capital flows are uneven, and precise index replication can be difficult - supporting the need for better tools to manage exposure, risk, and liquidity. We introduce the upcoming ASX & Bloomberg Bond and Credit Index Futures, planned to launch in Q3 2026. These new products build on ASX’s position as the world’s fourth‑largest interest rate derivatives market and its leadership in delivering deep, globally accessible futures liquidity across the Asia‑Pacific region.

0:00 Introduction
01:15 Types of institutions to help manage fixed income exposures
01:48 Overview of ASX-Bloomberg AusBond bond and credit index futures and why now
03:37 Use-cases and how index-based futures accompanies existing tools
07:06 Contract design and how participants can access the market
08:15 OTC vs Listed Futures - benefits including capital efficiency, transparency, operational simplicity and risk management.
10:41 Product launch target Q3 2026, contract specifications and market readiness

Fixed income index futures

ASX-Bloomberg AusBond Index Futures

Bloomberg Indices

Report - Benchmarking the Futures Opportunity in Australian Bonds

Allan McGregor, ASX interviews Marco Barchmann, Challenger and Nita Kong, ASX

Contract specifications

Joint media statement

Bloomberg AusBond and NZBond Index Methodology

Bloomberg AusBond Composite 0+ Year Index

Bloomberg AusBond Credit 0+ Year Index