Eurex will offer futures on European Commission-issued EU bonds from 10 September.
The EU bond futures (FBEU) will be physically deliverable contracts with a 6% coupon, equal to Eurex’s existing fixed income futures products. Maturities will range from eight to 12 years.
In its latest funding plan the European Commission (EC) stated that €90 billion in long-term EU-Bonds would be issued in the first six months of 2025, with funds raised across seven bond auctions and six syndicated transactions. Maturities will range from three to 30 years, and will be selected depending on changing market conditions.
In January, the volume of issued EU bonds exceeded €441 billion.
EU debt currently sits at approximately €611 billion, making it the fifth largest issuer in Europe. Across the continent, the highest ratios of government debt to GDP (as of Q3 2024) were held by Greece, Italy, France, Belgium, Spain and Portugal, per Eurostat figures.
Matthias Graulich, global head of products and markets at Eurex, commented: “[This] is a strategic commitment to supporting European ambitions for greater autonomy at a time when the continent is relying on additional debt issuance and investors are seeking tailored tools to manage their exposure to EU debt.”
Eurex’s suite of fixed income futures products includes Euro-Bund, Euro-BTP, Euro-BONO and Euro-OAT futures.
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