Bobl Future

Standardised futures contract on a medium-term bond issued by the German Federal Government

The Bobl Future (Bobl = Bundesobligation, the German word for federal government bond) is traded on the Eurex® exchange. The underlying instrument is a notional bond that represents a basket of deliverable bonds with an interest rate of 6 per cent and a remaining maturity of between 4.5 and 5.5 years. The value of a Bobl Future contract is €100,000.


Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at We will then include the term if possible.