A bond CFD lets you trade on the price of a government bond future without owning the bond itself. You can profit from prices rising or falling.
Bond prices generally move in the opposite direction to interest rates. When rates or rate expectations rise, bond prices tend to fall, and the reverse.
They are German government bond futures with different maturities: Schatz (2-year), Bobl (5-year), Bund (10-year) and Buxl (30-year). Longer maturities are usually more sensitive to rate changes.
Leverage of up to 1:100 is available. Leverage magnifies both profits and losses.
Bond prices can move sharply on central bank decisions and economic data. Leveraged trading can lead to significant losses, so only trade with money you can afford to lose.