S. Korea introduces 30-year gov't bond futures

▲ Officials attend a ceremony in Seoul on Feb. 19, 2024, to mark the introduction of 30-year Treasury bond futures to the South Korean market, in this photo provided by the finance ministry. (PHOTO NOT FOR SALE) (Yonhap)

Treasury futures-listing

S. Korea introduces 30-year gov't bond futures

SEOUL, Feb. 19 (Yonhap) -- South Korea on Monday introduced 30-year government bond futures for trading in the domestic bond market to help investors better manage interest rate risks, the finance ministry said.

It is the first new government bond futures issued since 2008, when the country opened the market for futures based on 10-year Treasuries, according to the Ministry of Economy and Finance.

The latest launch aims to provide market players with a useful tool to effectively hedge against the risks of long-term state bond interest rate fluctuation and to invigorate the bond market, the ministry said.

The issuance of 30-year bonds has risen sharply to account for around 76 percent of the country's long-term government bonds issued, according to government data.

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