Range of Markets

Financial Spread Betting Markets Explained

We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.

German Bobl, Dec

Bonds - GermanBobl
BondFixedInterest
From 2 *
(Shares only)
0.01
05/12/2024
0015-2100
£0.2
0.1
None
NTR: Position (GBP) % ***
0 - 421
.30
421 - 842
2.50
842 - 1,684
5.00
1,684 +
15.00
Limited Risk NTR: Position (GBP) % ***
0 - 210
3.33
210 - 421
5.00
421 + 0
15.00
Spread Premium: Stake (GBP) Multiplier
0 - 167
1
167 - 334
1.5
334 - 835
4
835 +
20
Mar, Jun, Sep, Dec
EUREX official settlement price on last day of trading +/- spread

*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.

**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.


Market Description

Another fixed-interest security issued by the German government to finance its debt, with a term of 4 ½ to 5 ½ years . Our market is a future on the Bobl, which allows you to spread bet on the direction of medium term interest rates in Germany for hedging or speculative purposes. Since bond prices rise when rates fall, you would place a ‘buy’ trade on Bobl futures if you expected the rate to fall and a ‘sell’ trade on Bobl futures if you expected rates to rise. Bear in mind that you are trading on long-term interest rates rather than bank base rates.


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