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ES6M

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0$
  • Previous Close
    2.0359$
  • 52 Week Change
    --
  • Day Range
    -2.04$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

The financial product symbol ES6M.GBOND refers to the ICE Clear Europe-cleared Euro Schatz Future with a June 2024 (M) expiry date. The underlying asset for this future is a basket of German government bonds (Bundesschatzanweisungen, commonly known as Schatz) meeting specific criteria set by ICE Clear Europe. The "ES" denotes Euro Schatz, "6" represents the year 2026 (with a cyclical pattern of 0-9), and "M" signifies the June expiry month. ".GBOND" likely indicates that it's traded and cleared on the ICE Clear Europe platform.
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Factors

Interest Rate Changes: When interest rates rise, the price of existing bonds, including ES6M.GBOND, typically falls to offer competitive yields. Conversely, falling interest rates generally lead to higher bond prices.

Inflation Expectations: Higher inflation erodes the real value of future bond payments, reducing investor demand and lowering prices. Lower inflation boosts bond appeal and prices.

Credit Rating Changes: Downgrades to the issuer's credit rating increase perceived risk, causing prices to drop. Upgrades signal improved creditworthiness, raising prices.

Economic Growth: Strong economic growth may lead to expectations of higher interest rates, impacting bond prices negatively. Slow or contracting growth can push bond prices up as investors seek safety.

Market Sentiment: Overall investor optimism or pessimism affects demand for bonds. Risk aversion drives investors to safer assets like government bonds, potentially increasing prices.

Supply and Demand: Increased issuance of similar bonds can dilute demand and lower prices. Higher demand from institutional investors or foreign buyers can boost prices.

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