Bund is short for the Euro-Bund futures contract.
The Euro-Bund Futures (FGBL) is a based on notional long-term (10 years) debt instrument issued by the Federal Republic of Germany and a six percent coupon.
The Price Quotation is in percent of the par value. The minimum price change is 0.01% or EUR 10. Trading starts at 08:00 and ends at 19:00 (CET). The Bund is one of the most liquid exchange-traded contracts.