Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Stocks | Futures | Watchlist | More
or

30-Day Fed Funds May '18 (ZQK18)

Get Barchart Premier
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Futures Prices for [[ item.sessionDateDisplayLong ]]
[[ timeframe ]] futures price quotes as of Tue, Sep 17th, 2019.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our 30-Day Fed Funds Historical Prices page.

30-Day Fed Funds Futures Market News and Commentary

10-year T-notes Settle Higher on Expectations for a Fed Rate Cut and Middle East Tensions

Dec 10-year T-notes (ZNZ19) on Tuesday closed up +7 ticks and the 10-year T-note yield fell -4.2 bp to 1.805%. Dec T-notes moved higher Tuesday on expectations for the Fed to cut interest rates on Wednesday along with heightened geopolitical risks that boosted the safe-haven demand for T-notes. T-notes saw support Tuesday from expectations for the Fed to cut the fed funds target range on Wednesday by -25 bp to 1.75%-2.00% from 2.00%-2.25%. Geopolitical risks in the Middle East remain high and boosted safe-haven for T-notes on a possible U.S. military strike against Iran after CBS reported Tuesday that the U.S. has identified the exact locations in Iran where more than 20 drones and cruise missiles were launched in Saturday's attack on Saudi oil facilities. Also, the supreme Leader of Iran, Ayatollah Ali Khamenei, said Tuesday that Iran will not negotiate with the U.S. "on any level." Tuesday's U.S. economic data was negative for T-note prices after Aug U.S. manufacturing production rose +0.5%, much stronger than expectations of +0.2%. Aug industrial production rose +0.6%, stronger than expectations of +0.2% and the biggest increase in a year. Also, the U.S. Sep NAHB housing market index unexpectedly rose +1 to an 11-month high of 68, stronger than expectations of no change at 66. U.S. inflation expectations weakened Tuesday as the 10-year T-note breakeven inflation rate fell by -0.5 bp at 1.670%. The 10-year T-note breakeven inflation expectations is up sharply from last Tuesday's 2-3/4 year low of 1.494%.
  • Repo goes berserko

    US overnight treasury repo rates skyrocket to 7-10%, sparking bank liquidity fears. No spillover effect into bond markets so far with US treasury and...

  • U.S. Capacity Utilization and Industrial Production Better than Expected

    The August industrial production report showed an increase of 0.6% when up 0.2% was expected and August capacity utilization was 77.9%, which compares...

  • Crude Torpedoes Markets

    Yesterday the markets fell based on geopolitical events as it related to crude. Will we see the same today? Read on to learn more...

Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar