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 .
Black’s Law Online Dictionary
