Interest rate futures mainly refer to the long-term or short-term deliverable financial vouchers of the trading object and the financial futures with interest rate securities as the target. What are the characteristics of interest rate futures? The following is Bian Xiao's introduction.

The main features of interest rate futures are as follows:

1. is a short-term investment, mainly a market transaction with fixed time and standard transaction amount. It is a long-term contract between money market and capital market instruments, and the key point is to introduce competitive price method to generate interest rate futures contract prices in different months in the future.

2. Bidding, like other futures in the market, is also an act of public bidding in the market. The seller and the buyer agree on the delivery time, the agreed interest rate and a certain amount of securities in the contract.

3. The price of traded securities is inversely proportional to the market interest rate, that is, after the market interest rate rises, the stock market price falls, and vice versa.

4. The interest rate futures price changes inversely with the actual interest rate, that is, the higher the interest rate, the lower the bond futures price, and the lower the interest rate, the higher the bond futures price.

5. The pricing method of interest rate futures is not only cash delivery, but also cash delivery in a certain period of time. The former means that the bank determines the delivery price of futures contracts with the existing interest rate as the conversion factor.