Korea Exchange said on the 16th that it has designated the final settlement benchmark bonds for the March 2026 Government Bonds futures, which will begin trading on the 17th.
A final settlement benchmark bond is a reference instrument that the exchange designates so that Government Bonds futures can be traded based on actual Government Bonds. Although Government Bonds futures are derivatives with a face value of 100 won and a coupon rate of 5% on Treasury bonds as the underlying assets, such Government Bonds do not actually exist. Accordingly, the exchange designates a combination of some Treasury bonds with semiannual interest payment methods to resemble the underlying assets.
The benchmark bonds for the 3-year Government Bonds futures March 2026 contract (KTB3F2603) are three issues: Treasury 02250-2806 (25-4), Treasury 02875-2712 (24-12), and Treasury 02500-3009 (25-8).
The benchmark bonds for the 5-year Government Bonds futures March 2026 contract (KTB5F2603) are two issues: Treasury 02500-3009 (25-8) and Treasury 02625-3003 (25-3).
The benchmark bonds for the 10-year Government Bonds futures March 2026 contract (KTB10F2603) are two issues: Treasury 02625-3506 (25-5) and Treasury 03000-3412 (24-13), and the benchmark bonds for the 30-year Government Bonds futures March 2026 contract (KTB30F2603) are two issues: Treasury 02625-5509 (25-7) and Treasury 02625-5503 (25-2).
Spot yields by final settlement benchmark bond are calculated by the Korea Financial Investment Association at 11:30 a.m. and 4 p.m. each day and published on the Korea Financial Investment Association website, on Koscom Check terminals, and elsewhere.