Key Takeaways with Craig
And that’s a wrap for the first full week of trading for Q2, 2022. Markets remain volatile, though much attention seems to have shifted to inflation, interest rates and how the Federal Reserve might react. As we often do on Friday’s, we’ve used QuikStrike data to recap the net price and volatility changes in some of CME’s major products below.
- US Equity Index futures prices were lower, with the Nasdaq underperforming the S&P 500. Implied volatility traded higher.
- WTI Crude Oil futures prices were volatile but wound up lower by about 2%. Implied volatility continued to slide.
- Micro 10-Year US Treasury yield rose by about 33.5 basis points. The Micro 2-Year only rose by about 8 basis points as the yield curve steepened this week.
- Natural Gas futures prices were up 10% which we covered extensively throughout the week.
We wish all of our In FOCUS readers a happy and safe weekend and we’ll see you on Monday!
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