What is Bund?

Legal Definition
Abbreviated form of Bundasanleihem, the broad category of German federal GOVERNMENT BONDS. Bunds, denominated in EUROS, feature maturities of 6 to 30 years (with 10year securities constituting the BENCHMARK) and pay interest COUPONS on an annual basis. They are issued through the federal bond SYNDICATE, via traditional UNDERWRITING, and through DUTCH AUCTION.