Treasury futures take treasury bonds as the subject matter, and clearly buy treasury bonds at the agreed price, date and quantity in the futures contract. It is a margin transaction with high investment risk, strong professionalism and technology, and high threshold for opening an account. Therefore, there are not many small and medium-sized retail investors participating in treasury futures. What does the rise in treasury bond futures mean?

Treasury bond futures are based on the spot of treasury bonds, and the main factors that affect the price of treasury bond futures include coupon rate and market interest rate. Among them, the price of treasury bonds futures is positively related to the price of treasury bonds, so the rise of treasury bonds futures prices means that the price of treasury bonds rises, the expected yield of treasury bonds falls, and the interest rate of treasury bonds also falls.

The Impact of Rising Treasury Bond Futures on the Stock Market

Treasury bonds belong to savings investment products, and the decline in interest rates of such products means that the financing cost of enterprises increases, and the profit has a positive effect on the stock price increase. But in fact, the rise and fall of treasury bond futures prices have little impact on the stock market.

On the one hand, the high threshold and strong professionalism of treasury bond futures lead to a very limited trading scale in the treasury bond futures market, and the market fluctuation of treasury bond futures is small. Therefore, no matter whether the price of treasury bond futures rises or falls, it will not divert too much stock market funds, and its impact on the stock market is very limited.

On the other hand, the stock market is not only affected by macro factors, but also by the supply and demand of funds, investors' psychological expectations and other factors. Generally speaking, the impact of rising treasury bonds futures on the stock market is very limited.