Week In Review

By Craig Bewick
JUN 04 2021

US Equity Indexes rose today and volatility fell after the May Jobs report showed jobs growth that slightly missed the consensus expectations.  The jobs number seemed to alleviate some fears of Federal Reserve tightening as US Treasury futures prices at the long end of the yield curve rose and the US Dollar fell versus most major currencies.  Implied volatility in the Options on US Treasury futures fell with today’s price rally.  As we often do on Friday’s the image below is a recap of what happened during the holiday-shortened first week of June.

  • Prices in most of the CME Group products we looked at rose while implied volatility mostly fell
  • WTI Crude Oil is notable in that the price per gallon is approaching 70 dollars and volatility in the options market fell to levels we haven’t seen since December, 2019

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As always, we wish all of our In FOCUS readers a happy and safe summer weekend and we’ll see everyone back here on Monday!


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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