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Busy Start For SOFR Futures

STIR

A busy start to Asia-Pac trade for SOFR futures, as regional participants react to Thursday’s market moves and setup for the BoJ-NFP double-header. The front of the reds lead when it comes to magnitude of moves vs. settlement. Moves of 3.5 to 15.5bp of richening seen through the reds, with over 20K contracts changing hands in each of the whites thus far, while SFRM4 leads on the volume front as the contract tops 30K in turnover.

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A busy start to Asia-Pac trade for SOFR futures, as regional participants react to Thursday’s market moves and setup for the BoJ-NFP double-header. The front of the reds lead when it comes to magnitude of moves vs. settlement. Moves of 3.5 to 15.5bp of richening seen through the reds, with over 20K contracts changing hands in each of the whites thus far, while SFRM4 leads on the volume front as the contract tops 30K in turnover.