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BOBL Futures Contract

What does BOBL Futures Contract mean?

BOBL is an acronym for a German term ‘Bundes obligation’ which translated to english basically means a federal government bond.  BOBL Futures Contract is a standardized futures contract whose underlying asset is a basket of medium-term bonds issued by German Federal Government.  The remaining maturity of these bonds is 4.5 to 5.5 years with a coupon of 6%. 

Futures Knowledge Explains BOBL Futures Contract

Each future contract has a notional value of 100,000 euros and is traded on the Eurex Exchange. Prices are quoted in 0.01 percent of par value. For example, Euro-Bobl Front month futures traded at 128.63 on May 6, 2015. Euro-Bobl Futures contracts are created for the last month of each quarter: March, June, September and December.

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