Key Takeaways with Craig
US Equity Indexes struggled to find direction throughout most of the day but, after a late afternoon rally, closed mostly higher to end the week. Implied volatility in CME’s Equity Index options markets continued to decline. US Treasury yields jumped again and the Micro 10-Year Treasury ended the day near 2.5%. The difference between 2-Year and 10-Year yields was little changed from yesterday.
We’ve used QuikStrike data to recap the net price and volatility changes on the week in some of CME’s major products below.
- The Micro 10-Year Treasury yield increased by nearly 34 basis points
- WTI Crude Oil and Natural Gas futures prices rose by 9% and 14% respectively
- E-mini Nasdaq-100 and S&P 500 prices were both up by about 2% and implied volatility came down
- Bitcoin futures continued to rise and implied volatility in the options declined; options vol is approaching low levels we haven’t seen in over a year
We hope everyone has a happy and safe weekend and we’ll see you on Monday.
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