NSE launches interest rate options on 10-yr govt bonds

National Stock Exchange launched interest rate options on ten-year Government bonds. The exchange recorded a turnover of 5,926 contracts on the first day of its launch. The exchange has added one more instrument to the fixed income derivatives asset class. interest rate options will provide institutional investors with the ability to manage risk through a non-linear product.

These interest rate options are based on 10-year government bonds maturing in 2029 with a coupon rate of 7.26 per cent and 6.45 per cent. Presently, interest rate futures are available on seven government bonds for residual maturity ranging from 4 years to 15 years.

Static/Current Takeaways Important For IBPS SO 2019:

  • NSE’s Managing Director and Chief Executive Officer: Vikram Limaye.

Source: The News on AIR

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