CME July Futures Hit Record 112,590 Trading Volume as Wall Street Banks Clash on Debt Outlook

According to Bloomberg, CME's July futures contracts linked to SOFR and the federal funds effective rate saw a surge in trading activity and open interest on Monday, with the spread between the two contracts reaching a record trading volume of 112,590 contracts. The spike was driven by diverging views among top Wall Street banks regarding the impact of increased U.S. Treasury supply this month. The trading activity included a 60,000-contract sell-off on Monday and notable buying interest on Wednesday.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments