Hanoi (VNA) – The 10-year governmentbond future contracts will be officially launched on derivatives market fromJune 28, according to the Hanoi Stock Exchange (HNX).
It is the third derivative product following theVN30 index and 5-year government bond futures.
The HNX hoped that the newfutures will contribute to diversifying derivative products on the market and becomean effective hedging tool for Government bond market.
Theproduct has underlying assets as 10-year government bonds issued by the StateTreasury, each worth 100,000 VND (4.3 USD) with an annual interest rateof 5 percent.
Since the start of its operation on August 10, 2017, derivativesmarket has seen a surge in trading volume, from 10,954 contracts per session in 2017to 158,390 in 2020./.