BOBL Futures Contract
A futures contract with medium term debt that is issued by the Federal Republic of Germany as its underlying asset. The contract has a notional contract value of 100,000 euros, with a term to maturity of 4.5 to five years. Unlike most other types of future contracts, BOBL future contracts tend to be settled by delivery. Investopedia Says:
In America, these futures contracts are traded on the Chicago Board of Trade, under the symbol GBM. The Euro-Bobl future, along with the Euro-Bund and Euro-Schatz futures, are the most heavily traded fixed-income securities in the world.
BOBL is an acronym for bundesobligationen. This translates to 'federal obligations' in English. Related Terms:
Bond
EUR
Face Value
Fixed-Income Security
Futures
Futures Contract
Maturity
Notional Principal Amount
Underlying |