Korea Exchange (KRX) Designates Final Settlement Benchmark Bonds for March 2027 Government Bond Futures

[Financial News] Korea Exchange (KRX) announced on the 15th that it had designated the final settlement benchmark bonds for the March 2027 government bond futures contracts, which will be traded starting on the 16th.
The final settlement benchmark bonds for the March 2027 three-year government bond futures contract (KTB3F2703) are three issues: Treasury 03500-2906 (26-5), Treasury 02750-2812 (25-10), and Treasury 04125-3109 (26-9).
The final settlement benchmark bonds for the March 2027 five-year government bond futures contract (KTB5F2703) are Treasury 04125-3109 (26-9) and Treasury 03375-3103 (26-3).
The final settlement benchmark bonds for the March 2027 10-year government bond futures contract (KTB10F2703) are Treasury 04250-3606 (26-6) and Treasury 03250-3512 (25-11).
The final settlement benchmark bonds for the March 2027 30-year government bond futures contract (KTB30F2703) are Treasury 04500-5609 (26-8) and Treasury 03500-5603 (26-2).
The final settlement benchmark bond for government bond futures is a bond designated by Korea Exchange (KRX) from among government bonds with a six-month interest payment schedule, in accordance with the Derivatives Market Business Regulations. It is a derivative product based on a government bond with a face value of 100 won and a coupon rate of 5% as the underlying asset.
Although such government bonds do not actually exist, the exchange designates a combination of previously issued government bonds with a six-month interest payment schedule that resembles the underlying asset as the final settlement benchmark bond.
Spot yields for each final settlement benchmark bond are calculated and announced daily by the Korea Financial Investment Association (KOFIA) at 11:30 a.m. and 4:00 p.m.


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