July 12, 2024 08:10 GMT
FFV4 & X4 Blocked
FED FUNDS FUTURES
Recent Fed funds futures blocks:
- 08:44:15 London/03:44:15 NY: FFV4 2.5K lots blocked at 94.920, looks like a buyer.
- 08:51:03 London/03:51:03 NY: FFX4 2.5K lots blocked at 95.030, looks like a buyer.
- Both contracts sit a little off yesterday’s highs after rallying post-CPI.
- 25bp of cuts are currently priced through the Sep FOMC, with ~61bp showing through the Dec meeting.
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