|I’ve wanted to look at non-USD STIR futures for some time now, but it never looked like another central bank was going to active enough. We may be on the brink of a series of moves from a central bank other than the Fed, which would give us a curve that could have a tradeable shape. For now, I want to add the STIR futures from the time zones closest to me – Canadian BA futures, Euribor futures and Short Sterling futures…
For today, I just wanted to do a very basic assessment where the various markets are in terms of their relative hiking cycles. To do this, I took a look at where the various year spreads and 6mo flies were for each STIR market: CLICK TO READ THE REST OF THIS ARTICLE FROM THE CA WEB SITE
Next Week: I discuss the noticeable change in pricing the past month between the quarterly and non-quarterly FOMC meetings.