Since 1972, the S&P 500 Index, US Treasuries and traditional 60/40 portfolios have each underperformed (on average) in Rising Rate periods relative to Declining Rate periods (as defined by changes to the Fed Funds target rate). Performance of the CTA industry in relation to the direction of interest rates has exhibited a distinctly different pattern.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.