Fed Rate Hike Probability Pushes CME Interest Rate Trading to Record

[kreslik.news]

CME Group, one of the industry’s largest derivatives marketplace, recently recorded an all time record high volume of Fed Fund Futures contracts on February 22, 2017, shattering a previous high established on November 9, 2016, which followed immediately after the US presidential election.

Last week, CME Group saw its Fed Fund Futures contracts swell to a fresh high of 658,700 contracts. In addition, on the same day, its Ultra 10-Year Treasury Futures also scored a new milestone with a record high of 315,730 contracts traded, having surpassed a previous high on November 28, 2016.

Overall, both contracts managed to again set record open ... (read more)