Another Wild Week In Review

By Craig Bewick
OCT 08 2021

After a wild first week of trading in October, including many economic and political headlines, US Equities were near steady as of mid-day trading action.  US Treasury yields at the longer end of the yield curve were higher despite a weaker than expected September employment report.  Given all the back and forth action this week, we took a look at the net price and volatility changes since last Friday (10/1) in some of CME Group’s major products.  The QuikStrike data below shows:

  • Major Equity Indexes wound up near steady on the week and implied volatility in the options markets fell
  • WTI Crude Oil futures prices continued to rise, as did volatility in the options
  • US Treasury prices fell which means yields rose.  The Micro 30-Year Yield futures contract is trading at 2.175 and the 10-Year at 1.611 at the time of this writing.  Both of those are up by over 14 basis points from last Friday’s 3:00 PM fixing
  • Cryptocurrencies rallied and the price of Bitcoin futures was up by 13%

As we move through the historically volatile month of October, we’ll be here reporting on CME Group markets.  Have a great Fall weekend and we’ll see you on Monday. 

ABOUT THE AUTHOR

Craig Bewick has spent 25 years in futures and options markets, starting at CBOT and CME working in risk management, regulatory, technology, product management and client development. 

Connect with Craig at activetrader@cmegroup.com

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