ICE Interest Rate Futures Hit Record 14.5M Open Interest

- ICE reported that its interest rate futures reached a record 14.5 million open interest contracts.
- Euribor futures accounted for 5.8 million of those contracts, contributing to a 36% year-over-year increase across ICE's financial derivatives complex.
- Higher activity in these contracts affects the market for SONIA, the benchmark rate banks pay to borrow British pounds overnight, which influences loan and bond costs.
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Forecasting the upcoming week: What if the ECB⦠and US CPI�
β’ The US Dollar experienced high volatility last week, dropping from three-week highs to multi-day lows. β’ Market fluctuations were driven by a combination of bond market movements, geopolitical tensions, and actions by the Federal Reserve and the Bank of Japan.
Read original Β· fxstreet.comU.S. Hiring Jumps, an Encouraging Sign for the Economy - The New York Times
β’ U.S. employers added 162,000 jobs in August while the unemployment rate remained steady at 4.1 percent. β’ Federal Reserve official Mr. Barr stated that the government should act decisively to raise interest rates if inflation does not moderate sufficiently.
Read original Β· nytimes.comWeek Ahead for FX, Bonds : U.S. Inflation Data in Focus; ECB Expected to Raise Rates - Europe
β’ Investors are focusing on upcoming U.S. inflation data and an expected interest rate hike from the European Central Bank. β’ Poland's central bank is expected to keep its key interest rate unchanged at 3.75% during its decision on Wednesday.
Read original Β· europesays.comBefore the Bell: What every Canadian investor needs to know today - The Globe and Mail
β’ North American markets rallied and Wall Street futures trended positive as a global bond selloff eased. β’ Major markets closed up yesterday as investors shifted focus toward upcoming U.S. economic data.
Read original Β· theglobeandmail.com
The Globe and MailEuropean stocks stabilize from 1-month lows as weak payrolls data check rate bets By Investing.com
β’ European stocks have stabilized after hitting one-month lows as weak payrolls data and cautious signals from the New York Fed temper interest rate hike expectations. β’ New York Fed President John Williams stated that policymakers must "wait and see" incoming economic indicators before committing to further tightening.
Read original Β· ng.investing.comCautious equity gains seen, focal points ahead of the weekend include US jobs data
β’ Asian equity markets are seeing cautious gains as investors focus on upcoming US jobs data, geopolitical tensions involving Iran, and movements of the Yen. β’ Bank of England chief economist Pill suggested the bank rate needs to be raised to 4%.
Read original Β· fxstreet.comLive Updates: Jobs Data to Offer Clues on Economyβs Health - The New York Times
β’ The Labor Department is set to release its monthly jobs report this Friday to clarify whether the economy is maintaining strong growth despite persistent inflation. β’ Investors are currently treating the Federal Reserve's upcoming interest rate decision as a close call.
Read original Β· nytimes.comThe job market in 2035: More nurses, fewer secretaries.
β’ Investors are analyzing labor market trends and upcoming hiring data to gauge the Federal Reserve's potential interest rate decisions amid persistent inflation. β’ The Labor Department is scheduled to release its monthly jobs report this Friday.
Read original Β· nytimes.comStop making this mistake when looking at the economic calendar
β’ Traders are cautioned against focusing solely on high-impact economic calendar events and should instead track the shifting policy stances of influential central bank members. β’ Fed Governor Christopher Waller's recent shift from hawkish to dovish comments caused significant market movement.
Read original Β· investinglive.com
investingLiveDollar steadies ahead of jobs report as traders pullback hawkish bets By Investing.com
β’ The U.S. dollar has stabilized as traders reduce their bets on hawkish monetary policy shifts ahead of an upcoming employment report. β’ Market participants are adjusting expectations based on the anticipated jobs data, though specific percentage shifts were not provided.
Read original Β· ng.investing.comEuropean stocks rise as global bond selloff eases By Reuters
β’ European stock markets rose as the global bond selloff eased, providing a more stable environment for equity investors. β’ Simultaneously, the Bank of Canada opted to hold interest rates steady amid economic uncertainty driven by fluctuating oil prices and potential tariffs.
Read original Β· ca.investing.com