Cboe iBoxx iShares Corporate Bond Futures deliver streamlined access to the broad U.S. corporate bond market through one capital-efficient, exchange-listed contract—eliminating the complexity of managing individual bonds or OTC instruments.
Cboe Corporate Bond Index Futures transform credit market access by converting fragmented, illiquid bond portfolios into a single, transparent instrument with standardized terms and optimized capital requirements.
From capital-efficient hedging to yield optimization and seamless liquidity management, Cboe Corporate Bond futures and options are purpose-built to help unlock the potential of your fixed income portfolios.
IBHY futures and the HYG ETF have similar economic exposure and high correlation. This is also the case for IBIG futures and the LQD ETF. It’s by design. At the heart of the innovative index construction methodology is interrelation with the ETF—enabling easier market access to a broader range of investors.
Explore our suite of tools to gain exposure to U.S. high yield and investment grade corporate debt market.
| Contract Name | Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index Futures | Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index Futures |
|---|---|---|
| Ticker Symbols | IBHY | IBIG |
| Contract Multiplier | $1000 | |
| Contract Expirations | The Exchange may list for trading up to four near-term serial months ("serial" contracts) and four months on the March quarterly cycle ("quarterly" contracts) for each CB Index futures product. | |
| Trading Hours | Monday - Friday Extended 5:00 p.m. (previous day) – 8:30 a.m. Regular 8:30 a.m. – 3:00 p.m. Extended 3:00 p.m. – 4:00 p.m. All times referenced are Chicago time. | |
| Trading Platform | CFE | |
| Settlement Type | Cash-settled | |
| Minimum Price Intervals | 0.01 index points (equal to $10.00 per contract) | |
Explore specifications, strategy briefs, and other materials for optimal use of Cboe corporate bond futures.
Cboe® iBoxx® iShares® Bond Index Futures Contract Specifications
Options on Cboe® iBoxx® iShares® Bond Index Futures Contract Specifications
Fact Sheet
Block/ECRP Trades
Website Release/Consent Form
Block/ECRP Trade Participants
Revised Block Trade/ECRP Authorized Reporter Criteria
Options on Cboe iBoxx iShares Bond Index Futures FAQ
Cboe iBoxx iShares Bond Index Futures FAQ
IBHY Vendor Symbols
IBIG Vendor Symbols
Stay current with timely market overviews, expert commentary, and best-in-class techniques for navigating Cboe corporate bond futures.
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S&P 500 Index Options (SPX) set multiple monthly Average Daily Volume (ADV) records including 4.57 million SPX contracts overall, up 4% from October. 2.85 million zero-days-to-expiry (0DTE) SPX options contracts were traded in November, a 7% increase from October.
Hedge, speculate, backtest strategies. Explore your options with Cboe corporate bond futures.
