An interest rate future is a financial derivative (a futures contract) with an interest-bearing instrument as the underlying asset.
Examples include Treasury-bill futures, Treasury-bond futures and Eurodollar futures.
The global market for exchange-traded interest rate futures is notionally valued by the Bank for International Settlements at $5,794,200 million in 2005.
Famous quotes containing the words interest, rate and/or future:
“The yuppie idea of the future ain’t my idea of a future. Your safe car, and home, and job, and all the time rushing between the three—let’s make people feel they can grow up and have some education, some interest in life! That’s what counts!”
—Joe Strummer (b. 1952)
“If we became students of Malcolm X, we would not have young black men out there killing each other like they’re killing each other now. Young black men would not be impregnating young black women at the rate going on now. We’d not have the drugs we have now, or the alcoholism.”
—Spike Lee (b. 1956)
“For the wrong that needs resistance,
For the future in the distance,
And the good that I can do.”
—George Linnaeus Banks (1821–1881)