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Interest Rates
Interest rates affect everybody, from consumers on the street, to large financial institutions.
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Interest rates affect everybody, from consumers on the street, to large financial institutions. The action from the central banks towards its monetary policy, either tightening or easing, will affect the currency value and continue to bring the impact to an assets’ value. Global events are another factor that affects the movements in this market.
For example, the Federal Reserve’s meeting results and announcements, could signal the government’s dovish/hawkish intent. This provides traders insight to long or short across the yield curve.
Contract Specifications:
The Eurodollar futures contract is one of the largest and most successful interest rate-based contracts. This futures contract represents the interest rate on U.S. Dollars that are deposited in banks overseas.
| Exchange | CME |
| Contract Code | GE |
| Contract Size | 1,000,000 dollar |
| Minimum Price Fluctuation | 0.005 price points |
| Value Per Tick | $ 12.50 |
| Settlement Method | Cash Settled |
TRADING HOURS(Malaysia Time, GMT +8)
Chicago Board of Trade (CBOT)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Chicago Mercantile Exchange (CME)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
Allows market participants to gain exposure to interest rates on US debt at the 2 year position on the yield curve.
| Exchange | CBOT |
| Contract Code | ZT |
| Contract Size | 200,000 dollar |
| Minimum Price Fluctuation | 1/8 of 1/32 of one point |
| Value Per Tick | $ 15.63 |
| Settlement Method | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
Chicago Board of Trade (CBOT)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Chicago Mercantile Exchange (CME)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
Allows market participants to gain exposure to interest rates on US debt at the 5 year position on the yield curve.
| Exchange | CBOT |
| Contract Code | ZF |
| Contract Size | 100,000 dollar |
| Minimum Price Fluctuation | 1/4 of 1/32 of one point |
| Value Per Tick | $ 7.81 |
| Settlement Method | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
Chicago Board of Trade (CBOT)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Chicago Mercantile Exchange (CME)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
Allows market participants to gain exposure to interest rates on US debt at the 10 year position on the yield curve.
| Exchange | CBOT |
| Contract Code | ZN |
| Contract Size | 100,000 dollar |
| Minimum Price Fluctuation | 1/2 of 1/32 of one point |
| Value Per Tick | $ 15.63 |
| Settlement Method | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
Chicago Board of Trade (CBOT)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Chicago Mercantile Exchange (CME)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
| Exchange | CBOT |
| Contract Code | ZB |
| Contract Size | 100,000 dollar |
| Minimum Price Fluctuation | 1/32 of one point |
| Value Per Tick | $ 31.25 |
| Settlement Method | Physical Delivery |
TRADING HOURS(Malaysia Time, GMT +8)
Chicago Board of Trade (CBOT)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Chicago Mercantile Exchange (CME)
Monday through Saturday :7.00 a.m. – 6.00 a.m. (Next Day)
Note: Daylight saving starts one hour earlier in the U.S.
Source: CME Group Website
Contract Specifications:
Source: CME Group Website