BOBL Futures Contract

What Does BOBL Futures Contract Mean?
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 explains BOBL Futures Contract
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
More Related Terms

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