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A short-term interest rate (STIR) future is a futures contract that derives its value from the interest rate at maturation. Common short-term interest rate futures are Eurodollar, Euribor, Euroyen, Short Sterling and Euroswiss, which are calculated on LIBOR at settlement, with the exception of Euribor which is based on Euribor and Euroyen which is based on TIBOR.
CME Group's (CME) addition of new BSBY based interest rate futures is likely to facilitate price discovery and hedging of OTC swap risk.
Brazilian Mercantile and Futures Exchange: BMF São Paulo, Brazil Agricultural, Biofuels, CME Group: Chicago Board of Trade: CBOT Chicago, United States Grains, Ethanol, Treasuries, equity index, Metals Chicago Mercantile Exchange: CME Chicago, United States Meats, Currencies, Eurodollars, equity index, interest rate future New York Mercantile ...
The International Monetary Market (IMM), a related exchange created within the old Chicago Mercantile Exchange and largely the creation of Leo Melamed, was one of four divisions of the CME Group (CME), the largest futures exchange in the United States, for the trading of futures contracts and options on futures.
With lower inflation expectations per the New York Fed’s Survey of Consumer Expectations, the market has begun pricing in lower rate hikes in the future. CME Group’s FedWatch Tool forecasts ...
The target federal funds rate is a target interest rate that is set by the FOMC for implementing U.S. monetary policies. The (effective) federal funds rate is achieved through open market operations at the Domestic Trading Desk at the Federal Reserve Bank of New York which deals primarily in domestic securities (U.S. Treasury and federal ...
At the CBOT, Sandor not only pioneered the first interest rate futures contract, [12] but the most widely traded and imitated interest-rate futures in the world, the Treasury bond futures contract. [13] This revolutionized the field of finance and earned him the title of "father of financial futures."
Bitcoin hit a record high in March, fueled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall. CME has hosted trading in ...