Bonds can provide relative stability that balances out the volatile nature of stocks. On the flip side, they can be left exposed to economic changes that could undermine their value.
Interest rates pose the greatest economic threat to bonds because if interest rates go up, the value of your bond on the open market will more often than not go down.
For example, if you buy and sell bonds as you would stocks and shares, then you need to make sure you keep your eye on interest rates as they are very important.
The MF Global Spreads online trading platform, Phoenix, can help you do this.
Spreads and Trading hours are correct at time of publication. Spreads may vary in irregular market conditions. Other markets are available on request.
Opening hours are 07.00 to 21.15
| UK Long Gilt Future |
| MFG Hours |
08:00 - 18:00 |
| Bet per (See Note 1) |
0.01 |
| Spreads |
5 |
| Notional Trading requirements (See Note 2) |
2% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
3rd last business day of previous month |
| Basis of Settlement |
Official Euronext.Liffe settlement price |
| EURO BUND Future |
| MFG Hours |
07:00 - 18:00 |
| Bet per (See Note 1) |
0.01 |
| Spreads |
3 |
| Notional Trading requirements (See Note 2) |
2% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
Two business days prior to the 10th calendar day or next business day of contract month until 11:30 hours |
| Basis of Settlement |
Official Eurex settlement price |
| EURO BOBL Future |
| MFG Hours |
07:00 - 18:00 |
| Bet per (See Note 1) |
0.01 |
| Spreads |
3 |
| Notional Trading requirements (See Note 2) |
2% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
Two business days prior to the 10th calendar day or next business day of contract month until 11:30 hours |
| Basis of Settlement |
Official Eurex settlement price |
| EURO SHATZ Future |
| MFG Hours |
07:00 - 18:00 |
| Bet per (See Note 1) |
0.005 |
| Spreads |
5 |
| Notional Trading requirements (See Note 2) |
2% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
Two business days prior to the 10th calendar day or next business day of contract month until 11:30 hours |
| Basis of Settlement |
Official Eurex settlement price |
| T-Bond Future |
| MFG Hours |
07:00 - 21:15 |
| Bet per (See Note 1) |
0.01 |
| Spreads |
6 |
| Notional Trading requirements (See Note 2) |
3% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
3rd last business day of the previous month |
| Basis of Settlement |
Official CBOT settlement price |
| 5 Year T-Note Future |
| MFG Hours |
07:00 - 21:15 |
| Bet per (See Note 1) |
0.005 |
| Spreads |
10 |
| Notional Trading requirements (See Note 2) |
2% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
3rd last business day of the previous month |
| Basis of Settlement |
Official CBOT settlement price |
| 10 Year T-Note Future |
| MFG Hours |
07:00 - 21:15 |
| Bet per (See Note 1) |
0.005 |
| Spreads |
10 |
| Notional Trading requirements (See Note 2) |
2.5% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
3rd last business day of the previous month |
| Basis of Settlement |
Official CBOT settlement price |
| JGB Future |
| MFG Hours |
07:00 - 16:00 |
| Bet per (See Note 1) |
0.01 |
| Spreads |
12 |
| Notional Trading requirements (See Note 2) |
0.75% of the market price times stake |
| Contract Month |
Quarterly |
| Last Day of Dealing |
9th business day prioe to 20th calendar day of contract month until 16:00 hours |
| Basis of Settlement |
Official TSE settlement price |
| Short sterling 3 month |
| MFG Hours |
07:30 - 18:00 |
| Bet per (See Note 1) |
0.01 |
| Spreads |
1st 4 Quarters - 3
2nd 4 Quarters - 4
|
| Notional Trading requirements (See Note 2) |
0.5% of the market price times stake |
| Contract Month |
Next eight quarters |
| Last Day of Dealing |
3rd Wednesday of contract month |
| Basis of Settlement |
Official Euronect.Liffe settlement price until 11:00 hours |
| Euro Dollar 3 month |
| MFG Hours |
07:00 - 21:15 |
| et per (See Note 1) |
0.01 |
| Spreads |
All 8 Quarters - 3 |
| Notional Trading requirements (See Note 2) |
2% of the market price times stake |
| Contract Month |
Next eight quarters |
| Last Day of Dealing |
2nd business day prior to 3rd Wednesday of contract month until 11:00 hours |
| Basis of Settlement |
Official CME settlement price |
NOTES TO BOND AND INTEREST RATE FUTURES:
1) The minimum bet size is 20p per ‘bet per’ for all the above markets
2) Our notional trading requirements are subject to change.
3) Spread Betting any of the products listed on this page would not result in ownership of the underlying instrument.
