With Fed Fund futures being a proxy for unsecured bank credit and Eurodollar futures for unsecured commercial credit, the contracts present a nice credit spread opportunity.
Soon it be even easier to take advantage of that opportunity: CME Group plans to list a Fed Funds-Eurodollars spread on CME Globex in the first half of 2018. To help you prepare, David Gibbs walks you through what you need to know to take full advantage:
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