CBOE: Cboe IBHY Futures Set Single-Day Volume and Notional Value Records

Trading in Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index (Ticker: IBHY) futures set a new daily volume record on Monday, December 28, with a reported 4,451 contracts traded, representing more than $648 million in notional value. This new record surpasses the previous high of 3,891 contracts traded on October 28, 2020.

In addition, Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index (Ticker: IBIG) futures reached their second highest daily volume of all-time on Monday, December 28 with a reported 610 contracts traded, representing more than $92 million in notional value.

Designed to leverage the deep and liquid iShares® ETF ecosystem, IBHY and IBIG futures are based on indices designed to measure the performance of U.S. dollar-denominated high yield and investment grade corporate debt, and offer broad coverage for the liquid U.S. high yield and investment grade corporate bond universes.

Since April of this year, Cboe has seen steady growth in volume of both IBHY and IBIG futures as investors look to tailor their exposure to the nearly $9 trillion U.S. corporate bond market. IBHY and IBIG futures are exchange-traded, centrally cleared instruments that provide market participants a transparent, standardized tool to help with efficient credit risk mitigation or to implement fixed income trading strategies.

Watch a video to learn more about Cboe’s Corporate Bond Index futures.