Today Lyxor launched the Lyxor ETF MTS Spain Government Bond All-Maturity ETF, providing exposure to the Spanish Government bonds space.
The ETF is set to replicate through un-funded Swaps structure the MTS Spain Government Bond Index. This index, is composed of government bonds of varying maturities issued by the sovereign government of Spain.
To be eligible for inclusion in the index, bonds must be of Fixed Coupons type, have a standard bullet maturity, and not have any embedded options or convertibility features.
Bonds must have an outstanding volume of at least €2 billion, and one Year to Maturity.