Trading Knowledge Center » Interest Rates Product Overview
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Interest Rates Product Overview
Interest Rates Product Overview
CME Group Interest Rate Products span the entire U.S. dollar denominated yield curve. This allows you to hedge both interest rate risk and spread risk via futures and options based on LIBOR, Fed Funds, U.S. Treasuries, interest rate swaps, credit default swaps and fixed income indices, as well as CME Cleared Swap products. Our educational modules are designed to provide you with pertinent information on market trends, and risk management and trading applications to help you respond to them.

Eurodollars

 

CME EOS Trader Demo on Eurodollars (30 Min)

Detailed: Outline

  • Overview
  • How to find a contract
  • Covered Options
  • User Defined Spreads
  • How to Enter an Order
  • Order Management

 

Implied Spreads on Eurodollars (15 min)

Detailed: Outline

  • Overview
  • Functionality
  • Calendar Spreads
  • Butterfly Spreads

 

Quick Reference Guide on CME Clearing (PDF)

 

CME Group Financial Safeguards (PDF)

 

Fed Funds

 

Fed Watch Using Options to Understand FOMC Behavior (1 hour)

Detailed: Outline

  • Fed Funds Complex
  • Daily Volumes
  • Why Options
  • Information in Option Prices
  • Calculating Option Payoffs
  • Problems with Options
  • Trading Application

 

CME Group Fed Watch (1 hour)

Detailed: Outline

  • Fed Funds Rate as a Key Benchmark
  • Overview of Fed Funds Complex
  • Tracking the Fed Funds Rate with Futures and Options
  • Trading Applications

 

Fixed Income

 

Risk and Return in a Portable Alpha World with Sabrina Callin of PIMCO (1 hour)

Detailed: Outline

  • Portable Alpha: Trends and Applications
  • Possible sources of Alpha
  • The Potential Upside and Downside of Leverage
  • Understanding Alpha, Beta, Excess Return and Risk
  • Asset Allocation Implications
  • Importance of Liquidity & Risk Mgmt