Glossary

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.

 

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