30-Day Fed Fund futures and options are one of the most widely used tools for hedging short-term interest rate risk. Fed Fund futures are a direct reflection of collective marketplace insight regarding the future course of the Federal Reserve’s monetary policy.
Fed Funds Futures in a Post-ZIRP World
With the FOMC more actively managing its key target rate, Fed Funds futures have grown dramatically. But how well do Fed Fund futures predict Fed policy decisions?
A Practitioner's Guide to STIR Contract Amendments
Get an overview of the contract amendments made to Eurodollar futures and 30-Day Federal Funds futures effective, November 17, 2018
30-Day Fed Funds Settlement
View the latest final settlement price and implied average daily effective federal funds rate.
Video: Introduction to CME FedWatch
Gain a better understanding of the CME FedWatch tool, which uses 30-Day Fed Fund futures prices to gauge the probability of an upcoming rate hike.
Video: Using the Fed Dot Plot to Inform Your Strategies
Paired with Fed Fund futures pricing, the Fed "Dot Plot" can offer valuable insights for trading.
Short-Term Interest Rate Inter-Commodity Spreads (ICS)
CME Globex listed STIR ICS offer efficient execution of a common trading strategy, reduced leg risk on executions and formation of spread liquidity.
STIR Analytics Tool
Analyze the spread between Eurodollar futures and Fed Fund futures over time - from one week to one year.