Cboe to Expand Corporate Bond Index Offering

Cboe Global Markets announced that it plans to expand its corporate bond index product suite with two new offerings. New options on Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index futures (futures ticker: IBHY) and Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index futures (futures ticker: IBIG) are planned to be listed for trading on Cboe Futures Exchange, LLC (CFE) beginning July 10. CFE also plans to extend trading hours for IBHY and IBIG futures to nearly 24-hours per weekday in the third quarter of 2023. According to a story in MarketsMedia news, the $10.4 trillion U.S. corporate bond market includes robust cash and exchange-traded fund (ETF) markets, with CFE’s IBHY and IBIG as the only exchange-listed futures products linked to U.S. corporate bonds. Designed to leverage the deep and liquid iShares® ETF ecosystem, CFE’s futures and options on futures products can offer broad coverage of the U.S. corporate bond universe and allow users to hedge and mitigate corporate bond credit risk, and more generally allow them to efficiently allocate to the corporate bond market and implement fixed-income trading strategies.