Glossary

Bund Future

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

The Bund Future 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 time-to-maturity of between 8.5 and 10.5 years. The value of a Bund Future contract is €100.000.

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