Futures contracts traded on long-term and short-term financial instruments: U.S. Treasury bills and bonds and Eurodollar Time Deposits. More recently, futures contracts have developed for German, Italian, and Japanese government bonds, to name a few. The CENTER ONLINE Futures Glossary
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interest rate futures UK US noun [plural] FINANCE, STOCK MARKET
► futures that are bought to protect against possible future losses caused by changes in interest rates: »
Interest-rate futures are contracts of the future delivery of interest-bearing securities.
Financial and business terms. 2012.