-
About
|
About CME Group Information and Resources - Careers|
-
Investor Relations
|
Investor Relations Financial ReportsShareholder Information - Media Room|
-
Feedback
|
- Global
- Electronic Trading |
-
Clearing
|
Clearing Clearing ServicesFinancial and Collateral ManagementClearing OperationsBusiness Continuity Mgt/DR -
CME ClearPort
|
CME ClearPort - OTC Derivatives Clearing CME ClearPort - Market Data Services |
- Market Regulation |
- Education |
- Resources
Interest Rates Products
View an Interest Rate Product
30-Day Federal Funds
Product Snapshot: 30-Day Fed Funds Futures
30-Day Fed Funds futures track the effective overnight Federal Funds Rate for a specific month. The Fed funds rate is the rate that banks charge each other for loans of reserves that are held at the Fed.
This product provides a way to:
- Hedge short-term/money market instruments
- Express a view on the direction of the Federal Open Market Committee (FOMC) policy
- Trade the Fed Funds curve, Fed Funds strips or the spread against LIBOR or Eurodollar Futures
Things to know:
- The Fed Funds rate changes daily and is a sensitive indicator of general interest rate trends
- Recognized around the world as the leading market-based forecasting tool for changes in FOMC policy
- Trading takes place:
- Side-by-side on the trading floor during open outcry trading hours
- CME Clearing matches and settles all trades and guarantees counterparty creditworthiness
