Macro Rates

An approach based on trust and agility

SMBC offers institutional investors a globally integrated trading platform, providing access to a comprehensive suite of products including government bonds and interest rate derivatives. We deliver seamless services tailored to a wide range of investor needs across core G4 currency-denominated products in both cash and derivatives markets. 

In the rates cash markets, we provide market-making services across Japanese Government Bonds (JGBs), European Government Bonds (EGBs), U.S. Treasuries (USTs), Sovereign, Supranational and Agency bonds (SSAs), as well as Securities Finance through rates repo transactions.  

In the rates derivatives space, our offering is supported by key trading hubs in London, New York, Tokyo, and Hong Kong. We specialise in vanilla interest rate derivatives, options, inflationlinked products, and cross-currency swaps. These products are backed by active trading books and dedicated coverage across more than 30 currencies, enabling us to deliver competitive pricing and tailored solutions.