The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).

Illustrative image (Photo: VNA)

The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).

It is the third derivative product following the VN30 index and 5-year government bond futures.

The HNX hoped that the new futures will contribute to persifying derivative products on the market and become an effective hedging tool for Government bond market.

The product has underlying assets as 10-year government bonds issued by the State Treasury, each worth 100,000 VND (4.3 USD) with an annual interest rate of 5 percent.

Since the start of its operation on August 10, 2017, derivatives market has seen a surge in trading volume, from 10,954 contracts per session in 2017 to 158,390 in 2020./.