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.

CPI, money supply, national credit, global economic environment, government revenue and expenditure, etc. are all the main factors that affect the price fluctuation of treasury bonds futures, and the core factor is interest rate. The price of treasury bond futures is inversely proportional to interest rate. The higher the interest rate rises, the greater the decline in the price of national debt.