Dozens of futures exchanges in more than 20 countries and regions around the world have launched treasury bonds futures products, among which the most active exchanges are CMEGroup in the United States and EUREX in Germany, and their main trading products are shown in table 1:

Table 1CME and EUREX main trading varieties of treasury bond futures

It can be seen that the most active varieties of CME and EUREX are long-term government bond futures, while EUREX is listed and traded in other EU countries, such as Italy, Switzerland and France, in addition to German government bond futures.

Other countries that issue treasury bonds futures, including Australia and Britain, have considerable trading volume, although they are not as active as CME and EUREX. The main varieties are shown in Table 2:

Table 2 Types of Treasury bond futures transactions in other countries

In addition to the traditional developed countries listed in the above table, they are vigorously developing treasury bonds futures. Since the 1998 financial crisis, Asian countries have also introduced interest rate futures as one of the important means to deal with the financial crisis, most of which are treasury bonds futures, and some are futures based on short-term lending rates. Its basic information is shown in Table 3:

Table 3 Countries and regions that launched interest rate futures in Asia

Source: Industrial Bank research report.

Among them, some countries and regions' bond futures trading is relatively deserted, such as Malaysia, China and Taiwan Province Province, and there is even no trading volume, but there are also other countries' bond futures that are more active.