Free Trial

FFG2 Sees Some Early Asia Buying after Tuesday’s Sell Off

FED FUNDS FUTURES

Light buying comes into FFG2 in early Asia-Pac trade, after the previously outlined Thursday sell off, with paper paying 99.8700/8725 on ~5.0K across several clips thus far, market left 99.8725/99.8750. A quick reminder that the contract started to price in chances of an inter-meeting Fed hike on Thursday, operating on record volume for the first FF contract (going back to 1990). The contract has pulled back from the lows printed on Thursday (99.845). The current effective Fed Funds rate (as of Wednesday) stands at 8bp.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.