Exchange Designates Final Settlement Reference Bond for December 2023 Treasury Bond Futures

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The Korea Exchange announced on the 20th that it has designated the final settlement benchmark bonds for the December 2023 (3-, 5-, and 10-year) government bond futures, which will be traded starting from the 21st.

Government bond futures are derivatives based on government bonds with a face value of 100 won and a coupon rate of 5%. Since such government bonds do not actually exist, the Korea Exchange combines already issued government bonds to closely resemble them, and these bonds become the final settlement benchmark bonds.

The benchmark bonds for the 3-year government bond futures December 2023 contract (KTB3F2312) are three issues: Gukgo03125-2606 (23-4), Gukgo04250-2512 (22-13), and Gukgo03250-2803 (23-1).

The benchmark bonds for the 5-year government bond futures December 2023 contract (KTB5F2312) are two issues: Gukgo03250-2803 (23-1) and Gukgo03125-2709 (22-8).

The benchmark bonds for the 10-year government bond futures December 2023 contract (KTB10F2312) are two issues: Gukgo03250-3306 (23-5) and Gukgo04250-3212 (22-14).

The spot yields for each final settlement benchmark bond are calculated and announced daily by the Korea Financial Investment Association at 11:30 a.m. and 4:00 p.m.

This content was produced with the assistance of AI translation services.