Credit Suite

The Future of Credit is Here

Easy to Short

Enter a short position as easily as a long position, free from securities shorting regulation.

Mitigate Risk

Trade with confidence using exchange traded, centrally cleared products. No complex ISDA or bilateral agreements.

Broad Exposure

Quickly add or remove exposure to the credit bond market.

Products at a Glance

futures

IBHY

High Yield Futures

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futures

IBIG

Investment Grade Futures

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futures

IEMD

EM Debt Futures

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futures

IBYO

High Yield OOF

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options

IBGO

Investment Grade OOF

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Inside the Index Construction

ETF-Linked Futures

The underlying indexes for IBHY and IBIG are uniquely constructed by intersecting a benchmark index with the actual holdings of their respective ETFs—HYG and LQD. This approach ensures that the futures contracts are closely aligned with the same liquid portfolios actively managed and traded within the ETFs.

Navigating the Corporate Bond Market Webinar Series

Rewatch the corporate bond market webinar series hosted by The Options Institute

Part 1: Diving Into Corporate Debt

Learn the mechanics, structure, types and factors that influence Corporate Bond prices and yield.

Part 2: Benefits and Use Cases of Corporate Bond Futures

A deep dive intro Corporate Bond derivatives and strategies for risk management.

Portfolio Use Cases

Portfolio Overlay

Tactically adjust credit risk exposure without disrupting underlying holdings

Hedging

Efficiently manage credit risk exposure and protect against adverse market moves

Liquidity Management

Quickly adjust credit allocations in response to inflows, outflows, or changing market conditions.

Relative Value

Capitalize on discrepancies between credit market segments or specific issuers

Cash Equitization

Maintain targeted credit exposure while awaiting investment opportunities or managing fund flows.

Yield Enhancement

Generate additional income by writing options on credit futures, potentially boosting returns

Key Resources

*Source: Bloomberg, based on 20 Day Average Volume as of July 1, 2025

The iBoxx iShares $ High Yield Corporate Bond Index and the iBoxx iShares $ Investment Grade Corporate Bond Index (“iBoxx iShares $ Corporate Bond Indices”) and the iBoxx® USD Liquid Emerging Market Sovereigns & Sub-Sovereigns Index are products of S&P Dow Jones Indices LLC or its affiliates or licensors (“S&P DJI”) and have been licensed for use by Cboe Exchange, Inc. iBoxx®, S&P®, S&P 500®, SPX®, US 500®, The 500®, DSPX®, DSPBX®, iTraxx®, CDX®, and Dividend Aristocrats® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones®is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Cboe Exchange, Inc. Cboe® iBoxx® iShares® $ High Yield Corporate Bond Index futures and options on futures, Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index futures and options on futures, and Cboe® iBoxx® $ Emerging Market Bond Index futures are not sponsored, endorsed, sold, or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the iBoxx iShares $ Corporate Bond Indices or the iBoxx® USD Liquid Emerging Market Sovereigns & Sub-Sovereigns Index. 

The iBoxx® iShares® $ High Yield Corporate Bond Index and the iBoxx®iShares® $ Investment Grade Corporate Bond Index (the “Indexes”), futures contracts on the Indexes and options on futures contracts on the Indexes (“Contracts”) are not sponsored by, or sold by BlackRock, Inc. or any of its affiliates (collectively, “BlackRock”). BlackRock makes no representation or warranty, express or implied to any person regarding the advisability of investing in securities, generally, or in the Contracts in particular. Nor does BlackRock make any representation or warranty as to the ability of the Index to track the performance of the fixed income securities market, generally, or the performance of HYG, LQD or any subset of fixed income securities. 

BlackRock has not calculated, composed or determined the constituents or weightings of the fixed income securities that comprise the Indexes (“Underlying Data”). BlackRock is not responsible for and has not participated in the determination of the prices and amounts of the Contracts, or the timing of the issuance or sale of such Contracts or in the determination or calculation of the equation by which the Contracts are to be converted into cash (if applicable). BlackRock has no obligation or liability in connection with the administration or trading of the Contracts. BlackRock does not guarantee the accuracy or the completeness of the Underlying Data and any data included therein and BlackRock shall have no liability for any errors, omissions or interruptions related thereto. 

BlackRock makes no warranty, express or implied, as to results to be obtained by S&P DJI, the parties to the Contracts or any other person with respect to the use of the Underlying Data or any data included therein. BlackRock makes no express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Underlying Data or any data included therein. Without limiting any of the foregoing, in no event shall BlackRock have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) resulting from the use of the Underlying Data or any data included therein, even if notified of the possibility of such damages. 

iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.