---
title: "SGX plans to launch bond futures for India and Southeast Asia | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272291932.md"
description: "The Singapore Exchange (SGX) plans to launch futures contracts linked to the government bond markets of India and Southeast Asian countries, including India, Indonesia, Malaysia, the Philippines, and Thailand. These futures contracts will help investors hedge against interest rate volatility risks and reflect the growing market interest in the region's bond markets. SGX is considering offering three-year, five-year, and ten-year futures contracts, settled in US dollars, priced based on the average yield of a basket of sovereign bonds"
datetime: "2026-01-12T15:18:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272291932.md)
  - [en](https://longbridge.com/en/news/272291932.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272291932.md)
---

# SGX plans to launch bond futures for India and Southeast Asia | Lianhe Zaobao

Bloomberg cited informed sources stating that the Singapore Exchange (SGX) has held multiple conference calls with officials from the financial departments of several global banks to discuss the launch of futures contracts linked to certain Asian government bond markets.

Informed sources revealed that the countries discussed by the exchange include India, Indonesia, Malaysia, the Philippines, and Thailand. These futures would allow investors to hedge against interest rate fluctuations in the future by buying and selling bonds on the exchange.

This reflects a growing interest in the regional bond markets. Over the past year and a half, Indian bonds have been gradually included in global indices, while Malaysian securities were favored by investors last year, performing the strongest in emerging Asia.

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Informed sources stated that for the proposed products, the exchange has discussed offering futures contracts with three-year, five-year, and ten-year maturities for each country. These futures will be settled in U.S. dollars, with pricing based on the average yield of a basket of no more than three sovereign bonds.

Informed sources revealed that for India, the bonds most likely to be considered will fall under the so-called "Fully Accessible Route" framework, meaning they are eligible to be included in global indices. Clearinghouse data shows that since Indian sovereign bonds were included in JPMorgan's flagship index in June 2024, foreign investors have poured $21 billion (approximately SGD 27 billion) into Indian sovereign bonds.

Informed sources also mentioned that the exchange plans to launch these futures contracts in the first half of 2026, possibly as early as the first quarter, while adding that discussions are still in the preliminary stages and specific details may be adjusted

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