Exchange traded products that track German bonds include PowerShares DB German Bund Futures ETN (NYSEArca: BUNL), PIMCO Germany Bond Index Fund (NYSEArca: BUND), ProShares German Sovereign/Sub-Sovereign ETF (NYSEArca: GGOV) and PowerShares DB 3x German Bund Futures ETN (NYSEArca: BUNT), which is a leveraged exchange traded note.
BUNL is small with assets of $32.2 million but trading volume in the ETN has picked up lately. Its total return year to date as of May 15 was 3.9%, according to Morningstar.
PowerShares DB German Bund Futures ETN