Euro-BTP Bond Futures

Hi, can any one really familiar with bond futures explain what exactly a Euro-BTP future is?

I've always thought (and some sources seem to claim as well) that this is an "Italian" bond future, but Bloomberg and this site (https://www.eurex.com/ex-en/markets/int/fix/gover…) seem to suggest multiple European countries have bonds that are deliverable into this future?

Am I misunderstanding something?

 

It's just clunky wording from Eurex. It is a future on an Italian Bond. You can check the CTD on BB and see it is a May 1 2033 Maturity Italian Bond. If memory serves correct, it is listed as a Euro-BTP future because when they launched the products in the mid-2000s it was only 10 years after Euro launch and there were still a bunch of BTPs that were denominated in Lira from before. Same thing with Bunds.

 

Ratione ea dolore consequatur tempore. Deserunt inventore vero maiores aut quo consequatur. Facere provident neque animi aut facilis nulla autem. Tenetur dolore incidunt adipisci voluptas autem eos cupiditate.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”