Bloomberg U.S. Corporate Investment Grade Index futures are designed to bring liquidity and efficiency to the broad corporate credit market. These contracts allow for new hedging and risk management solutions in investment grade credit, making them ideal for expressing tactical views, implementing relative value trades, hedging or improving liquidity management strategies.
Resources
Features and benefits
Broad corporate bond exposure
The underlying index consists of over 800 issuers and 7,000 members.
Unlock margin efficiencies
Significant savings against securities such as Equity Indices and Treasury futures.
No management fees
Unlike credit ETFs, futures have no management fee, allowing for more cost-effective exposure.
Your new “liquidity sleeve”
Maintain high exposure levels while preserving cash on hand.
Transparent and capital efficient
Bilateral block trades available and ability to achieve significant margin offsets.
Centrally cleared
No ISDA agreements and no counterparty risks to consider.
Explore this product in depth
Review contract highlights
UNDERLYING INDEX
Bloomberg U.S. Corporate Investment Grade Index
Contract Unit
30 x Index Points
Price Quotation
Index Points
Product Code
CME Globex: IQB
CME ClearPort: IQB
Clearing: IQB
Trading Hours
CME Globex:
Sunday 5:00 p.m. – Friday – 4:00 p.m. CT with a daily maintenance period from 4:00 p.m. – 5:00 p.m. CT
About the underlying index
The futures contracts track the Bloomberg U.S. Corporate Investment Grade Index, a benchmark of investment grade, fixed-rate, taxable corporate bonds. It includes U.S. dollar-denominated securities publicly issued by U.S. and non-U.S. industrial, utility and financial issuers.
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