1, the so-called two-debt, five-debt and ten-debt refer to two-year treasury bond futures respectively. 5-year treasury bond futures, 10-year treasury bond futures, treasury bond futures are futures with treasury bonds as delivery targets, which belong to a category of financial futures and are listed futures on China Financial Futures Exchange. The subject matter of these three treasury bonds futures is as follows.

2.2-year treasury bond futures. Nominal short-term and medium-term national debt with a face value of 2 million yuan and 3% of coupon rate.

3.5-year treasury bond futures. The face value is 6,543,800 yuan, and coupon rate is a nominal medium-term national debt of 3%.

4. 10-year treasury bond futures. The face value is 6,543,800 yuan, and coupon rate is a nominal long-term national debt of 3%.

5. The above is the content of treasury bond futures. In actual investment, we should always pay attention to the change of market interest rate when investing in treasury bonds futures, and the price of treasury bonds futures is generally inversely proportional to the market interest rate.