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.

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

Date
Future VolumeOptions Volume
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.

Courses

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Take self-guided courses on U.S. Treasury futures and options products.

If you're new to futures, the courses below can help you quickly understand the U.S. Treasury market and start trading.

8 modules
Introduction to Treasuries
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