{"id":45271,"date":"2023-04-06T09:15:51","date_gmt":"2023-04-06T07:15:51","guid":{"rendered":"https:\/\/staging.captrader.com\/glossar\/euro-bund-future\/"},"modified":"2024-03-24T15:10:44","modified_gmt":"2024-03-24T14:10:44","slug":"euro-bund-future","status":"publish","type":"glossar","link":"https:\/\/www.captrader.com\/en\/glossar\/euro-bund-future\/","title":{"rendered":"Euro Bund Future"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Alongside commodities, currencies and equity indices, bond markets (also known as bond markets) are an asset class for which investors sometimes have a need to hedge - mainly in order to hedge against interest rate risks. The Euro Bund <a href=\"https:\/\/www.captrader.com\/en\/glossary\/futures\/?preview=true&amp;_thumbnail_id=24730\">Future<\/a> is a futures contract whose underlying is a notional federal bond with a term of 10 years and an interest rate of 6 percent. The Bund Future is also a popular instrument among private traders in Germany.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Contract specifications<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Designation<\/td><td>Euro BUND Futures<\/td><\/tr><tr><td>Abbreviation<\/td><td>FGBL\/GBL<\/td><\/tr><tr><td>Contract size<\/td><td>1000 EUR x score<\/td><\/tr><tr><td>Price quote<\/td><td>Percent (of nominal value)<\/td><\/tr><tr><td>Tick size<\/td><td>0.01 percent<\/td><\/tr><tr><td>Tick value<\/td><td>10 EUR<\/td><\/tr><tr><td>Daily price limit<\/td><td>None<\/td><\/tr><tr><td>Stock Exchange<\/td><td>Eurex<\/td><\/tr><tr><td>Trading hours (DE)<\/td><td>02:15 - 22:05<\/td><\/tr><tr><td>Contract months<\/td><td>Mar (H), Jun (M), Sep (U), Dec (Z)<br>for the next 3 quarters<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">What influences the price of the Euro Bund Futures?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There is a negative correlation between the yield (interest) and the price (price) of a bond. That is, when interest rates rise, this is accompanied by falling bond prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Bund Future thus rises when yields on Bunds (debt securities of the Federal Republic of Germany) are expected to fall and vice versa.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market participants exposed to interest rate risk thus use the Bund future to hedge against risks from interest rate changes. The futures contract is also a popular instrument among traders for short- to medium-term speculative transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Contract size<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The multiplier of the Bund future is 1000 EUR. Therefore, to determine the equivalent value moved with a future, the Bund Futures score must be multiplied by 1000 EUR.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since the smallest possible movement (tick size) is 0.01 points, the tick value is 10 EUR.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.captrader.com\/wp-content\/uploads\/2023\/04\/Bund-Future-Kontraktspezifikationen-in-der-TWS-min-1024x581-1.gif\" alt=\"\" class=\"wp-image-24736\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The contract specifications of the Bund future can be found in the TWS by entering the symbol (GBL) and then double-clicking on it<\/p>","protected":false},"author":20,"featured_media":0,"template":"","class_list":["post-45271","glossar","type-glossar","status-publish","hentry"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar\/45271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/glossar"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/20"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=45271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}