Federal bonds (Bunds), five-year Federal notes (Bobls) and Federal Treasury notes (Schätze) are listed on all German stock exchanges. The standard price (or Bundesbank reference price on the Frankfurt Stock Exchange starting from 23 May 2011) for each security is fixed around noon. The following list, which is updated each trading day, shows the Bundesbank reference prices for listed Federal securities on the Frankfurt Stock Exchange and the related yields.