Long-term Interest Rates
LTIR Futures & Options

Long-term Interest Rates

European long end for duration management

European long‑term interest rates (LTIR) are a key reference point in global fixed income markets, reflecting expectations for growth, inflation, and monetary policy over the long horizon. They play a critical role in portfolio construction, risk management, and macro‑driven investment strategies.

Eurex long‑term interest rate futures and options offer liquid, transparent, and capital-efficient access to European yield curve exposures. Designed for both strategic and tactical allocation, the European LTIR suite enables investors to adjust duration, manage risk, and express relative value or directional views while keeping underlying bond portfolios intact.

Our European suite of LTIR futures and options provides comprehensive access to major government bond markets, including German, Italian, French, Spanish and Swiss government bonds as well as Euro‑EU Bond Futures for broader European exposure.

Allocation & Overlays

Hedging & Curve Trading

Relative value & Alpha Strategies

  • Tactical asset allocation
    Enable quick and efficient rebalancing to express short‑term market views without disrupting core holdings.
  • Portfolio beta and duration adjustments
    Fine‑tune market exposure and interest rate sensitivity with precision and capital efficiency.
  • Relative value strategies
    Leverage LTIR derivatives to efficiently exploit pricing inefficiencies between related instruments or markets, enabling precise spread and pair trades with lower capital usage.
  • Market overlay
    Add or hedge risk at the portfolio level while keeping underlying investments intact.
  • Hedging
    Use LTIR derivatives to efficiently hedge market interest rate, or portfolio risks, helping reduce volatility and protect returns without unwinding underlying positions.
  • Alpha strategies
    Deploy LTIR derivatives to implement active trading and systematic strategies designed to generate excess returns, offering flexibility, liquidity, and efficient access to targeted market exposures.

LTIR quarterly market review

A summary of the most up-to-date important market movements, investment trends and key risks, helping you stay informed and ahead.

Monthly fixed income and currencies market briefing

written by Lee Bartholomew, Global Head of Derivatives Product R&D Fixed Income & FX, Eurex

Fixed income futures trading volume (in millions)

You may view the trading volume for a specific fixed‑income product by clicking the chart legend to include or exclude products.

Fixed income options trading volume (in thousands)

March interactive benchmark roll charts

Powered by Quantitative Brokers
Please click the buttons below to view the latest quarter interactive roll chart.

German government bond futures

Non-German government bond futures

Key benefits

Contract specifications

Prices/Quotes

Contacts

Jutta Frey-Hartenberger
Global Product Lead: Government Bond Derivatives


T +49-69-2 11-1 49 88
jutta.frey-hartenberger@eurex.com

Francesca Dell'Era
Sales EMEA


T +41-43 4 30-71 23
francesca.dellera@eurex.com

Andreas Stadelmaier
Sales EMEA


T +49-69-2 11-1 38 59
andreas.stadelmaier@eurex.com

Damien Zinck
Sales Americas


T +1-312-544-10 51
damien.zinck@eurex.com

Stefan Ullrich
Sales APAC


T +65-65 97-30 79
stefan.ullrich@eurex.com

Vassily Pascalis
ETD Trading Liquidity Management


T +44-20-78 62-72 11
vassily.pascalis@eurex.com

Rex Jones
Product and Business Development


T +49-69-211-1 78 06
rex.jones@eurex.com