Futures on 6-year Russian Federation government bonds to be launched on FORTS

Futures on 6-year Russian Federation government bonds to be launched on FORTS

17/11/2011

On November 17, 2011 OJSC RTS will start trading in a futures contract on a basket of six-year Russian Federation government bonds following the tendency to increasing duration of the public-sector debt. The underlying asset of the contract is Russian Federation government bonds with a period from the Contract’s settlement to the maturity date comprising of 5-7 years. The closest settlement date of the contract is March 5, 2012.

"The introduction of these contracts to trading means that the whole liquid part of the Russian Federation government bonds yield curve is engaged. RTS offers derivatives on a whole range of the most demanded public debt instruments", says Evgeny Serdyukov, Derivatives Market Director of RTS Stock Exchange.

Currently, the Russian Federation government bonds with a 5-7-year term to maturity are among the most popular instruments on the spot market, and the futures on these securities will attract new trading participants to FORTS.