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BLOCK: Large Feb'24 Fed Fund Buy

FED FUNDS FUTURES
  • +72,000 FFG4 94.68 (+0.000), post time offer at 1046:20ET. This after 55,000 Feb 1M SOFR futures bought from 94.675 to -.68.
  • Short end buying has emerged in a positive reaction to Croatian National Bank governor Boris Vujcic comment at a MNI Connect webcast that the ECB should cut interest rate in 25bps increments, although 50bps moves should not be excluded if warranted by incoming data.

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