Bobl future (usually used in German, also Euro Bobl future)

Special option contract based on a German federal bond with an interest rate of six percent and a remaining running time of five years. The holder of a Bobl futures contract has the right to buy or sell at a specified time a German government bond assigned to this contract with a remaining term of four and a half to five and a half years with a nominal value (in money terms) of EUR 100,000. – Within one year, four maturities are traded, each ending in March, June, September and December. The current futures price is almost exactly the amount that would have to be paid on the market for a five-year federal bond with an interest rate of six percent. – See Bund future.

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