Euro-Bund Futures rollover dates
Eurex Deutschland (Eurex), interest rate
- Tick
- €100.01 per tick
- One point
- €1,000per contract
- Initial margin
- €2,368.36exchange, as of 27 Oct 2026
- Front contract
- FGBLZ26roll by 4 Dec 2026
Calendar as of How we source this
Next contracts
| Contract | Month | Suggested roll | First notice | Last trade |
|---|---|---|---|---|
| FGBLZ26 | December 2026 | 4 Dec 2026 | — | 8 Dec 2026 |
| FGBLH27 | March 2027 | 4 Mar 2027 | — | 8 Mar 2027 |
| FGBLM27 | June 2027 | 4 Jun 2027 | — | 8 Jun 2027 |
| FGBLU27 | September 2027 | 6 Sept 2027 | — | 8 Sept 2027 |
Futures contracts expire, so a trader who wants to keep a position must close the expiring contract and open the next one: the roll. For Euro-Bund Futures (FGBL) the current front contract is FGBLZ26, with a last trading day of 8 Dec 2026. The next contract is FGBLH27.
The exchange rule we apply for FGBL: Delivery day: 10th calendar day of the contract month (next exchange day if not one). Last trade: 2 exchange days before delivery (12:30 CET). FGBL is physically delivered: holding a position into the delivery period can create an obligation to make or take delivery, which is why speculative traders normally close or roll before the first notice day or last trading day.
The suggested roll date of 4 Dec 2026 is a convention, not an exchange rule. It is set a little before the first notice or last trading day, because liquidity moves to the next contract and many brokers require positions to be closed or rolled before then. Dates are calculated from the exchange's rules and its holiday calendar. The exchange calendar is the authority.
Roll convention: Suggested roll: 2 business days before the earlier of first notice day and last trade. A convention, not an exchange rule; brokers may require earlier exit. Exchange calendar: https://www.eurex.com/ex-en/markets/int/long-term-interest-rates/fix/government-bonds/Euro-Bund-Futures-137298
Days to rollover
Questions
- When does FGBLZ26 expire?
- The last trading day for FGBLZ26 is 8 Dec 2026.
- When should I roll FGBL?
- Our suggested roll date for FGBLZ26 is 4 Dec 2026. Your broker's deadline may be earlier.
- What is the next FGBL contract?
- FGBLH27, with a last trading day of 8 Mar 2027.