government bond futures
Financial term referring to futures contracts on government bonds.
Trading in government bond futures is susceptible to interest rate fluctuations.
国債 refers to government bonds themselves, while 国債先物 refers specifically to futures contracts on those bonds.
先物 is the general term for futures contracts; 国債先物 specifies the underlying asset as government bonds.
Compound of 国債 (government bond) and 先物 (futures).