'30-Year Government Bond Futures' First Trade... March Contract Trading Volume Exceeds 2.2 Billion Won
Exchange Lists New Government Bond Futures for the First Time in 16 Years
On the day the 30-year government bond futures market opened in the domestic stock market, the trading volume reached approximately 2.2 billion KRW.
According to the Korea Exchange on the 19th, the 30-year government bond futures for March started trading at 130.58 and closed at 130.86. The total trading volume for the 30-year government bond futures on that day was 2.223 billion KRW, with 3,963 bid orders recorded.
The exchange introduced the new 30-year government bond futures 16 years after launching the 10-year government bond futures in February 2008. With the recent increase in issuance and trading of ultra-long-term government bonds, demand for exchange-traded derivatives based on these bonds has grown. Additionally, the importance of hedging tools against interest rate volatility due to overseas monetary policy easing and tightening has increased.
The exchange expects that the opening of the 30-year government bond futures market will provide investors with an effective hedging tool against interest rate volatility in ultra-long-term government bonds, improve price discovery functions, and enhance market credibility. Furthermore, it anticipates attracting new investors who want to easily build futures positions in the ultra-long-term government bond market and expanding the number of professional investors employing diverse investment strategies.
On the day of the market opening, the exchange held a commemorative ceremony at its Seoul headquarters. Attendees included Kim Eon-seong, Director of Fiscal Management at the Ministry of Economy and Finance; Lee Seok-ki, CEO of Kyobo Securities; Jang Won-jae, CEO of Meritz Securities; Kim Sang-tae, CEO of Shinhan Investment Corp.; Eom Ju-seong, CEO of Kiwoom Securities; and Lee Seong-hee, Vice President of KB Kookmin Bank.
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Lee Kyung-sik, Head of the Derivatives Market Division at the Korea Exchange, said, "We expect the listing of the 30-year government bond futures to elevate the status of the Korean government bond market. We ask for the support and interest of all market participants for the successful establishment of the 30-year government bond futures, and the exchange will faithfully perform its fundamental role."
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