Treasury bond futures refers to the derivative trading method of treasury bonds that determines the buying and selling prices in advance through organized trading places and delivers currencies and bonds at a specific time in the future. Treasury bond futures is a kind of financial futures and an advanced financial derivative tool. It came into being against the background of the instability of American financial market in 1970s, in order to meet the needs of investors to avoid interest rate risk.

Futures trading is a complex trading method, which has the following main characteristics different from spot trading:

1, treasury bond futures trading does not involve the transfer of the ownership of China bonds, but only the risk of price changes related to this ownership;

2. Treasury bond futures trading must be conducted at the designated trading place. The futures trading market aims at openness and liberalization, and over-the-counter trading and private hedging are prohibited;

3. All treasury bond futures contracts are standardized contracts. Treasury bond futures trading is a leveraged transaction, and a margin system is implemented.

4. The debt-free daily settlement system shall be implemented for treasury bond futures trading;

Generally speaking, there is little physical delivery in treasury bond futures trading.

Tips: The above instructions are for reference only and do not make any suggestions. There are risks in entering the market, so investment needs to be cautious.

Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.

Reply time: 202 1- 12-23. Please refer to the latest business changes announced by Ping An Bank in official website.