FX/Bonds
OVERNIGHT BLOCK TRADES: A 33.7K-lot strip of 3-Month SOFR futures
StockNow breaking-news AI analysis
A 33.7K-lot SOFR futures buy suggests investors are betting that long-term interest rates will stay near 4% but may peak lower than currently aggressive market expectations for 2027.
News detail
00:18EDT/05:18BST: A 33,726-lot strip of Three-Month SOFR futures (2,500 SR3U6 at 96.08, 8,000 SR3Z6 at 95.915, 5,800 SR3M7 at 95.825, 8,000 SR3U7 at 95.87, 2,441 SR3Z7 at 95.93, 6,985 SR3M8 at 95.98), bought across six consecutive contract months from September 2026 through June 2028, executed as a single spread block; all legs were outright buys.
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