SGX to launch India and ASEAN bond futures amidst market volatility

The contracts will range from three- to 10-year maturities per country.

Singapore Exchange Ltd. plans to introduce futures contracts tied to government bonds from India, Indonesia, Malaysia, Thailand, and the Philippines.

The contracts will cover three-, five-, and 10-year maturities per country, settled in dollars and priced based on the average yield of a basket of up to three sovereign bonds, according to a Bloomberg report.

The report said that the launch is expected in the coming weeks, according to Singapore Exchange Chief Executive Officer Loh Boon Chye at an event in Florida.

The initiative comes amidst volatility in global bond markets following crude oil price increases and divergent monetary policies in the region.

Investors have continued to purchase bonds in the Philippines and Thailand, whilst India has attracted around $20.34m (US$16b) since its inclusion in JPMorgan Chase & Co.’s flagship index in June 2024, Bloomberg added.

Currently, the bourse offers Japanese government bond futures, Singapore overnight rate average futures, and Tokyo overnight average rate futures.

Follow the link for more news on

SGX

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia