Fed Funds Futures
MacroVar monitors the Fed fund futures market and provides analytics and data on the dynamics. Fed funds futures is a very important tool to monitor market expectations for central bank monetary policy (rate hikes/cuts), financial markets and economic outlook.
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Fed Fund futures active contracts
Fed Funds Future Contract | Contract Symbol |
---|---|
30-Day Fed Funds June 2029 Futures | FedFundsF.ZQM29 |
30-Day Fed Funds May 2029 Futures | FedFundsF.ZQK29 |
30-Day Fed Funds April 2029 Futures | FedFundsF.ZQJ29 |
30-Day Fed Funds March 2029 Futures | FedFundsF.ZQH29 |
30-Day Fed Funds February 2029 Futures | FedFundsF.ZQG29 |
30-Day Fed Funds Jan '29 Futures | FedFundsF.ZQF29 |
30-Day Fed Funds December 2028 Futures | FedFundsF.ZQZ28 |
30-Day Fed Funds November 2028 Futures | FedFundsF.ZQX28 |
30-Day Fed Funds October 2028 Futures | FedFundsF.ZQV28 |
30-Day Fed Funds September 2028 Futures | FedFundsF.ZQU28 |
30-Day Fed Funds August 2028 Futures | FedFundsF.ZQQ28 |
30-Day Fed Funds July 2028 Futures | FedFundsF.ZQN28 |
30-Day Fed Funds June 2028 Futures | FedFundsF.ZQM28 |
30-Day Fed Funds May 2028 Futures | FedFundsF.ZQK28 |
30-Day Fed Funds April 2028 Futures | FedFundsF.ZQJ28 |
30-Day Fed Funds March 2028 Futures | FedFundsF.ZQH28 |
Fed Fund Futures 12 months | FedFundsF.ffc12 |
Fed Fund Futures 6 | FedFundsF.ffc6 |
30-Day Fed Funds February 2028 Futures | FedFundsF.ZQG28 |
30-Day Fed Funds November 2027 Futures | FedFundsF.ZQX27 |
30-Day Fed Funds December 2027 Futures | FedFundsF.ZQZ27 |
30-Day Fed Funds January 2028 Futures | FedFundsF.ZQF28 |
30-Day Fed Funds October 2027 Futures | FedFundsF.ZQV27 |
30-Day Fed Funds September 2027 Futures | FedFundsF.ZQU27 |
30-Day Fed Funds August 2027 Futures | FedFundsF.ZQQ27 |
30-Day Fed Funds July 2027 Futures | FedFundsF.ZQN27 |
30-Day Fed Funds Jun 2027 Futures | FedFundsF.ZQM27 |
30-Day Fed Funds May 2027 Futures | FedFundsF.ZQK27 |
30-Day Fed Funds April 2027 Futures | FedFundsF.ZQJ27 |
30-Day Fed Funds March 2027 Futures | FedFundsF.ZQH27 |
30-Day Fed Funds Jan '27 Futures | FedFundsF.ZQF27 |
30-Day Fed Funds Feb '27 Futures | FedFundsF.ZQG27 |
30-Day Fed Funds Nov '26 Futures | FedFundsF.ZQX26 |
30-Day Fed Funds Dec '26 Futures | FedFundsF.ZQZ26 |
30-Day Fed Funds October 2026 Futures | FedFundsF.ZQV26 |
30-Day Fed Funds July 2026 Futures | FedFundsF.ZQN26 |
30-Day Fed Funds September 2026 Futures | FedFundsF.ZQU26 |
30-Day Fed Funds August 2026 Futures | FedFundsF.ZQQ26 |
30-Day Fed Funds April 2026 Futures | FedFundsF.ZQJ26 |
30-Day Fed Funds June 2026 Futures | FedFundsF.ZQM26 |
30-Day Fed Funds May 2026 Futures | FedFundsF.zqj26 |
30-Day Fed Funds March 2026 Futures | FedFundsF.zqh26 |
30-Day Fed Funds February 2026 Futures | FedFundsF.zqg26 |
30-Day Fed Funds January 2026 Futures | FedFundsF.zqf26 |
30-Day Fed Funds December 2025 Futures | FedFundsF.zqz25 |
30-Day Fed Funds November 2025 Futures | FedFundsF.zqx25 |
30-Day Fed Funds October 2025 Futures | FedFundsF.zqv25 |
30-Day Fed Funds September 2025 Futures | FedFundsF.zqu25 |
30-Day Fed Funds August 2025 Futures | FedFundsF.zqq25 |
30-Day Fed Funds July 2025 Futures | FedFundsF.zqn25 |
30-Day Fed Funds June 2025 Futures | FedFundsF.zqm25 |
30-Day Fed Funds May 2025 Futures | FedFundsF.zqk25 |
30-Day Fed Funds April 2025 Futures | FedFundsF.zqj25 |
30-Day Fed Funds March 2025 Futures | FedFundsF.zqh25 |
30-Day Fed Funds February 2025 Futures | FedFundsF.zqg25 |
30-Day Fed Funds January 2025 Futures | FedFundsF.zqf25 |
30-Day Fed Funds December 2024 Futures | FedFundsF.zqz24 |
30-Day Fed Funds November 2024 Futures | FedFundsF.zqx24 |
30-Day Fed Funds October 2024 Futures | FedFundsF.zqv24 |
30-Day Fed Funds September 2024 Futures | FedFundsF.zqu24 |
30-Day Fed Funds August 2024 Futures | FedFundsF.zqq24 |
30-Day Fed Funds July 2024 Futures | FedFundsF.zqn24 |
30-Day Fed Funds June 2024 Futures | FedFundsF.zqm24 |
30-Day Fed Funds May 2024 Futures | FedFundsF.zqk24 |
30-Day Fed Funds April 2024 Futures | FedFundsF.zqj24 |
30-Day Fed Funds March 2024 Futures | FedFundsF.zqh24 |
30-Day Fed Funds February 2024 Futures | FedFundsF.zqg24 |
30-Day Fed Funds January 2024 Futures | FedFundsF.zqf24 |
30-Day Fed Funds December 2023 Futures | FedFundsF.zqz23 |
30-Day Fed Funds November 2023 Futures | FedFundsF.zqx23 |
30-Day Fed Funds October 2023 Futures | FedFundsF.zqv23 |
30-Day Fed Funds September 2023 Futures | FedFundsF.zqu23 |
30-Day Fed Funds August 2023 Futures | FedFundsF.zqq23 |
30-Day Fed Funds July 2023 Futures | FedFundsF.zqn23 |
30-Day Fed Funds June 2023 Futures | FedFundsF.zqm23 |
30-Day Fed Funds May 2023 Futures | FedFundsF.zqk23 |
30-Day Fed Funds April 2023 Futures | FedFundsF.zqj23 |
30-Day Fed Funds March 2023 Futures | FedFundsF.zqh23 |
30-Day Fed Funds February 2023 Futures | FedFundsF.zqg23 |
30-Day Fed Funds January 2023 Futures | FedFundsF.zqf23 |
30-Day Fed Funds December 2022 Futures | FedFundsF.zqz22 |
30-Day Fed Funds November 2022 Futures | FedFundsF.zqx22 |
30-Day Fed Funds October 2022 Futures | FedFundsF.zqv22 |
30-Day Fed Funds September 2022 Futures | FedFundsF.zqu22 |
30-Day Fed Funds August 2022 Futures | FedFundsF.zqq22 |
30-Day Fed Funds July 2022 Futures | FedFundsF.zqn22 |
30-Day Fed Funds June 2022 Futures | FedFundsF.zqm22 |
30-Day Fed Funds May 2022 Futures | FedFundsF.zqk22 |
30-Day Fed Funds April 2022 Futures | FedFundsF.zqj22 |
30-Day Fed Funds March 2022 Futures | FedFundsF.zqh22 |
30-Day Fed Funds February 2022 Futures | FedFundsF.zqg22 |
30-Day Fed Funds January 2022 Futures | FedFundsF.zqf22 |
30-Day Fed Funds December 2021 Futures | FedFundsF.zqz21 |
30-Day Fed Funds November 2021 Futures | FedFundsF.zqx21 |
30-Day Fed Funds October 2021 Futures | FedFundsF.zqv21 |
30-Day Fed Funds September 2021 Futures | FedFundsF.zqu21 |
30-Day Fed Funds August 2021 Futures | FedFundsF.zqq21 |
30-Day Fed Funds July 2021 Futures | FedFundsF.zqn21 |
30-Day Fed Funds June 2021 Futures | FedFundsF.zqm21 |
30-Day Fed Funds May 2021 Futures | FedFundsF.zqk21 |
30-Day Fed Funds April 2021 Futures | FedFundsF.zqj21 |
30-Day Fed Funds March 2021 Futures | FedFundsF.zqh21 |
30-Day Fed Funds February 2021 Futures | FedFundsF.zqg21 |
30-Day Fed Funds January 2021 Futures | FedFundsF.zqf21 |
30-Day Fed Funds December 2020 Futures | FedFundsF.zqz20 |
30-Day Fed Funds November 2020 Futures | FedFundsF.zqx20 |
30-Day Fed Funds October 2020 Futures | FedFundsF.zqv20 |
30-Day Fed Funds September 2020 Futures | FedFundsF.zqu20 |
30-Day Fed Funds August 2020 Futures | FedFundsF.zqq20 |
30-Day Fed Funds July 2020 Futures | FedFundsF.zqn20 |
30-Day Fed Funds June 2020 Futures | FedFundsF.zqm20 |
30-Day Fed Funds May 2020 Futures | FedFundsF.zqk20 |
30-Day Fed Funds April 2020 Futures | FedFundsF.zqj20 |
30-Day Fed Funds March 2020 Futures | FedFundsF.zqh20 |
30-Day Fed Funds February 2020 Futures | FedFundsF.zqg20 |
30-Day Fed Funds January 2020 Futures | FedFundsF.zqf20 |
30-Day Fed Funds December 2019 Futures | FedFundsF.zqz19 |
30-Day Fed Funds November 2019 Futures | FedFundsF.zqx19 |
30-Day Fed Funds October 2019 Futures | FedFundsF.zqv19 |
30-Day Fed Funds September 2019 Futures | FedFundsF.zqu19 |
30-Day Fed Funds August 2019 Futures | FedFundsF.zqq19 |
30-Day Fed Funds July 2019 Futures | FedFundsF.zqn19 |
30-Day Fed Funds June 2019 Futures | FedFundsF.zqm19 |
30-Day Fed Funds May 2019 Futures | FedFundsF.zqk19 |
30-Day Fed Funds April 2019 Futures | FedFundsF.zqj19 |
30-Day Fed Funds March 2019 Futures | FedFundsF.zqh19 |
30-Day Fed Funds February 2019 Futures | FedFundsF.zqg19 |
30-Day Fed Funds January 2019 Futures | FedFundsF.zqf19 |
30-Day Fed Funds December 2018 Futures | FedFundsF.zqz18 |
30-Day Fed Funds November 2018 Futures | FedFundsF.zqx18 |
30-Day Fed Funds October 2018 Futures | FedFundsF.zqv18 |
30-Day Fed Funds September 2018 Futures | FedFundsF.zqu18 |
30-Day Fed Funds August 2018 Futures | FedFundsF.zqq18 |
30-Day Fed Funds July 2018 Futures | FedFundsF.zqn18 |
30-Day Fed Funds June 2018 Futures | FedFundsF.zqm18 |
30-Day Fed Funds May 2018 Futures | FedFundsF.zqk18 |
30-Day Fed Funds April 2018 Futures | FedFundsF.zqj18 |
30-Day Fed Funds March 2018 Futures | FedFundsF.zqh18 |
30-Day Fed Funds February 2018 Futures | FedFundsF.zqg18 |
30-Day Fed Funds January 2018 Futures | FedFundsF.zqf18 |
30-Day Fed Funds December 2017 Futures | FedFundsF.zqz17 |
30-Day Fed Funds November 2017 Futures | FedFundsF.zqx17 |
30-Day Fed Funds October 2017 Futures | FedFundsF.zqv17 |
30-Day Fed Funds September 2017 Futures | FedFundsF.zqu17 |
30-Day Fed Funds August 2017 Futures | FedFundsF.zqq17 |
30-Day Fed Funds July 2017 Futures | FedFundsF.zqn17 |
30-Day Fed Funds June 2017 Futures | FedFundsF.zqm17 |
30-Day Fed Funds May 2017 Futures | FedFundsF.zqk17 |
30-Day Fed Funds April 2017 Futures | FedFundsF.zqj17 |
30-Day Fed Funds March 2017 Futures | FedFundsF.zqh17 |
30-Day Fed Funds February 2017 Futures | FedFundsF.zqg17 |
30-Day Fed Funds January 2017 Futures | FedFundsF.zqf17 |
30-Day Fed Funds December 2016 Futures | FedFundsF.zqz16 |
30-Day Fed Funds November 2016 Futures | FedFundsF.zqx16 |
30-Day Fed Funds October 2016 Futures | FedFundsF.zqv16 |
30-Day Fed Funds September 2016 Futures | FedFundsF.zqu16 |
30-Day Fed Funds August 2016 Futures | FedFundsF.zqq16 |
30-Day Fed Funds July 2016 Futures | FedFundsF.zqn16 |
30-Day Fed Funds June 2016 Futures | FedFundsF.zqm16 |
30-Day Fed Funds May 2016 Futures | FedFundsF.zqk16 |
30-Day Fed Funds April 2016 Futures | FedFundsF.zqj16 |
30-Day Fed Funds March 2016 Futures | FedFundsF.zqh16 |
30-Day Fed Funds February 2016 Futures | FedFundsF.zqg16 |
30-Day Fed Funds January 2016 Futures | FedFundsF.zqf16 |
30-Day Fed Funds December 2015 Futures | FedFundsF.zqz15 |
30-Day Fed Funds November 2015 Futures | FedFundsF.zqx15 |
30-Day Fed Funds October 2015 Futures | FedFundsF.zqv15 |
30-Day Fed Funds September 2015 Futures | FedFundsF.zqu15 |
30-Day Fed Funds August 2015 Futures | FedFundsF.zqq15 |
30-Day Fed Funds July 2015 Futures | FedFundsF.zqn15 |
30-Day Fed Funds June 2015 Futures | FedFundsF.zqm15 |
30-Day Fed Funds May 2015 Futures | FedFundsF.zqk15 |
30-Day Fed Funds April 2015 Futures | FedFundsF.zqj15 |
30-Day Fed Funds March 2015 Futures | FedFundsF.zqh15 |
30-Day Fed Funds February 2015 Futures | FedFundsF.zqg15 |
30-Day Fed Funds January 2015 Futures | FedFundsF.zqf15 |
30-Day Fed Funds December 2014 Futures | FedFundsF.zqz14 |
30-Day Fed Funds November 2014 Futures | FedFundsF.zqx14 |
30-Day Fed Funds October 2014 Futures | FedFundsF.zqv14 |
30-Day Fed Funds September 2014 Futures | FedFundsF.zqu14 |
30-Day Fed Funds August 2014 Futures | FedFundsF.zqq14 |
30-Day Fed Funds July 2014 Futures | FedFundsF.zqn14 |
30-Day Fed Funds June 2014 Futures | FedFundsF.zqm14 |
30-Day Fed Funds May 2014 Futures | FedFundsF.zqk14 |
30-Day Fed Funds April 2014 Futures | FedFundsF.zqj14 |
30-Day Fed Funds March 2014 Futures | FedFundsF.zqh14 |
30-Day Fed Funds February 2014 Futures | FedFundsF.zqg14 |
30-Day Fed Funds January 2014 Futures | FedFundsF.zqf14 |
30-Day Fed Funds December 2013 Futures | FedFundsF.zqz13 |
30-Day Fed Funds November 2013 Futures | FedFundsF.zqx13 |
30-Day Fed Funds October 2013 Futures | FedFundsF.zqv13 |
30-Day Fed Funds September 2013 Futures | FedFundsF.zqu13 |
30-Day Fed Funds August 2013 Futures | FedFundsF.zqq13 |
30-Day Fed Funds July 2013 Futures | FedFundsF.zqn13 |
30-Day Fed Funds June 2013 Futures | FedFundsF.zqm13 |
30-Day Fed Funds May 2013 Futures | FedFundsF.zqk13 |
30-Day Fed Funds April 2013 Futures | FedFundsF.zqj13 |
30-Day Fed Funds March 2013 Futures | FedFundsF.zqh13 |
30-Day Fed Funds February 2013 Futures | FedFundsF.zqg13 |
30-Day Fed Funds January 2013 Futures | FedFundsF.zqf13 |
30-Day Fed Funds December 2012 Futures | FedFundsF.zqz12 |
30-Day Fed Funds November 2012 Futures | FedFundsF.zqx12 |
30-Day Fed Funds October 2012 Futures | FedFundsF.zqv12 |
30-Day Fed Funds September 2012 Futures | FedFundsF.zqu12 |
30-Day Fed Funds August 2012 Futures | FedFundsF.zqq12 |
30-Day Fed Funds July 2012 Futures | FedFundsF.zqn12 |
30-Day Fed Funds June 2012 Futures | FedFundsF.zqm12 |
30-Day Fed Funds May 2012 Futures | FedFundsF.zqk12 |
30-Day Fed Funds April 2012 Futures | FedFundsF.zqj12 |
30-Day Fed Funds March 2012 Futures | FedFundsF.zqh12 |
30-Day Fed Funds February 2012 Futures | FedFundsF.zqg12 |
30-Day Fed Funds January 2012 Futures | FedFundsF.zqf12 |
30-Day Fed Funds December 2011 Futures | FedFundsF.zqz11 |
30-Day Fed Funds November 2011 Futures | FedFundsF.zqx11 |
30-Day Fed Funds October 2011 Futures | FedFundsF.zqv11 |
30-Day Fed Funds September 2011 Futures | FedFundsF.zqu11 |
30-Day Fed Funds August 2011 Futures | FedFundsF.zqq11 |
30-Day Fed Funds July 2011 Futures | FedFundsF.zqn11 |
30-Day Fed Funds June 2011 Futures | FedFundsF.zqm11 |
30-Day Fed Funds May 2011 Futures | FedFundsF.zqk11 |
30-Day Fed Funds April 2011 Futures | FedFundsF.zqj11 |
30-Day Fed Funds March 2011 Futures | FedFundsF.zqh11 |
30-Day Fed Funds February 2011 Futures | FedFundsF.zqg11 |
30-Day Fed Funds January 2011 Futures | FedFundsF.zqf11 |
30-Day Fed Funds December 2010 Futures | FedFundsF.zqz10 |
30-Day Fed Funds November 2010 Futures | FedFundsF.zqx10 |
30-Day Fed Funds October 2010 Futures | FedFundsF.zqv10 |
30-Day Fed Funds September 2010 Futures | FedFundsF.zqu10 |
30-Day Fed Funds August 2010 Futures | FedFundsF.zqq10 |
30-Day Fed Funds July 2010 Futures | FedFundsF.zqn10 |
30-Day Fed Funds June 2010 Futures | FedFundsF.zqm10 |
30-Day Fed Funds May 2010 Futures | FedFundsF.zqk10 |
30-Day Fed Funds April 2010 Futures | FedFundsF.zqj10 |
30-Day Fed Funds March 2010 Futures | FedFundsF.zqh10 |
30-Day Fed Funds February 2010 Futures | FedFundsF.zqg10 |
30-Day Fed Funds January 2010 Futures | FedFundsF.zqf10 |
30-Day Fed Funds December 2009 Futures | FedFundsF.zqz09 |
30-Day Fed Funds November 2009 Futures | FedFundsF.zqx09 |
30-Day Fed Funds October 2009 Futures | FedFundsF.zqv09 |
30-Day Fed Funds September 2009 Futures | FedFundsF.zqu09 |
30-Day Fed Funds August 2009 Futures | FedFundsF.zqq09 |
30-Day Fed Funds July 2009 Futures | FedFundsF.zqn09 |
30-Day Fed Funds June 2009 Futures | FedFundsF.zqm09 |
30-Day Fed Funds May 2009 Futures | FedFundsF.zqk09 |
30-Day Fed Funds April 2009 Futures | FedFundsF.zqj09 |
30-Day Fed Funds March 2009 Futures | FedFundsF.zqh09 |
30-Day Fed Funds February 2009 Futures | FedFundsF.zqg09 |
30-Day Fed Funds January 2009 Futures | FedFundsF.zqf09 |
30-Day Fed Funds December 2008 Futures | FedFundsF.zqz08 |
30-Day Fed Funds November 2008 Futures | FedFundsF.zqx08 |
30-Day Fed Funds October 2008 Futures | FedFundsF.zqv08 |
30-Day Fed Funds September 2008 Futures | FedFundsF.zqu08 |
30-Day Fed Funds August 2008 Futures | FedFundsF.zqq08 |
30-Day Fed Funds July 2008 Futures | FedFundsF.zqn08 |
30-Day Fed Funds June 2008 Futures | FedFundsF.zqm08 |
30-Day Fed Funds May 2008 Futures | FedFundsF.zqk08 |
30-Day Fed Funds April 2008 Futures | FedFundsF.zqj08 |
30-Day Fed Funds March 2008 Futures | FedFundsF.zqh08 |
30-Day Fed Funds February 2008 Futures | FedFundsF.zqg08 |
30-Day Fed Funds January 2008 Futures | FedFundsF.zqf08 |
30-Day Fed Funds December 2007 Futures | FedFundsF.zqz07 |
30-Day Fed Funds November 2007 Futures | FedFundsF.zqx07 |
30-Day Fed Funds October 2007 Futures | FedFundsF.zqv07 |
30-Day Fed Funds September 2007 Futures | FedFundsF.zqu07 |
30-Day Fed Funds August 2007 Futures | FedFundsF.zqq07 |
30-Day Fed Funds July 2007 Futures | FedFundsF.zqn07 |
30-Day Fed Funds June 2007 Futures | FedFundsF.zqm07 |
30-Day Fed Funds May 2007 Futures | FedFundsF.zqk07 |
30-Day Fed Funds April 2007 Futures | FedFundsF.zqj07 |
30-Day Fed Funds March 2007 Futures | FedFundsF.zqh07 |
30-Day Fed Funds February 2007 Futures | FedFundsF.zqg07 |
30-Day Fed Funds January 2007 Futures | FedFundsF.zqf07 |
30-Day Fed Funds December 2006 Futures | FedFundsF.zqz06 |
30-Day Fed Funds November 2006 Futures | FedFundsF.zqx06 |
30-Day Fed Funds October 2006 Futures | FedFundsF.zqv06 |
30-Day Fed Funds September 2006 Futures | FedFundsF.zqu06 |
30-Day Fed Funds August 2006 Futures | FedFundsF.zqq06 |
30-Day Fed Funds July 2006 Futures | FedFundsF.zqn06 |
30-Day Fed Funds June 2006 Futures | FedFundsF.zqm06 |
30-Day Fed Funds May 2006 Futures | FedFundsF.zqk06 |
30-Day Fed Funds April 2006 Futures | FedFundsF.zqj06 |
30-Day Fed Funds March 2006 Futures | FedFundsF.zqh06 |
30-Day Fed Funds February 2006 Futures | FedFundsF.zqg06 |
30-Day Fed Funds January 2006 Futures | FedFundsF.zqf06 |
30-Day Fed Funds December 2005 Futures | FedFundsF.zqz05 |
30-Day Fed Funds November 2005 Futures | FedFundsF.zqx05 |
30-Day Fed Funds October 2005 Futures | FedFundsF.zqv05 |
30-Day Fed Funds September 2005 Futures | FedFundsF.zqu05 |
30-Day Fed Funds August 2005 Futures | FedFundsF.zqq05 |
30-Day Fed Funds July 2005 Futures | FedFundsF.zqn05 |
30-Day Fed Funds June 2005 Futures | FedFundsF.zqm05 |
30-Day Fed Funds May 2005 Futures | FedFundsF.zqk05 |
30-Day Fed Funds April 2005 Futures | FedFundsF.zqj05 |
30-Day Fed Funds March 2005 Futures | FedFundsF.zqh05 |
30-Day Fed Funds February 2005 Futures | FedFundsF.zqg05 |
30-Day Fed Funds January 2005 Futures | FedFundsF.zqf05 |
30-Day Fed Funds December 2004 Futures | FedFundsF.zqz04 |
30-Day Fed Funds November 2004 Futures | FedFundsF.zqx04 |
30-Day Fed Funds October 2004 Futures | FedFundsF.zqv04 |
30-Day Fed Funds September 2004 Futures | FedFundsF.zqu04 |
30-Day Fed Funds August 2004 Futures | FedFundsF.zqq04 |
30-Day Fed Funds July 2004 Futures | FedFundsF.zqn04 |
30-Day Fed Funds June 2004 Futures | FedFundsF.zqm04 |
30-Day Fed Funds May 2004 Futures | FedFundsF.zqk04 |
30-Day Fed Funds April 2004 Futures | FedFundsF.zqj04 |
30-Day Fed Funds March 2004 Futures | FedFundsF.zqh04 |
30-Day Fed Funds February 2004 Futures | FedFundsF.zqg04 |
30-Day Fed Funds January 2004 Futures | FedFundsF.zqf04 |
30-Day Fed Funds December 2003 Futures | FedFundsF.zqz03 |
30-Day Fed Funds November 2003 Futures | FedFundsF.zqx03 |
30-Day Fed Funds October 2003 Futures | FedFundsF.zqv03 |
30-Day Fed Funds September 2003 Futures | FedFundsF.zqu03 |
30-Day Fed Funds August 2003 Futures | FedFundsF.zqq03 |
30-Day Fed Funds July 2003 Futures | FedFundsF.zqn03 |
30-Day Fed Funds June 2003 Futures | FedFundsF.zqm03 |
30-Day Fed Funds May 2003 Futures | FedFundsF.zqk03 |
30-Day Fed Funds April 2003 Futures | FedFundsF.zqj03 |
30-Day Fed Funds March 2003 Futures | FedFundsF.zqh03 |
30-Day Fed Funds February 2003 Futures | FedFundsF.zqg03 |
30-Day Fed Funds January 2003 Futures | FedFundsF.zqf03 |
30-Day Fed Funds December 2002 Futures | FedFundsF.zqz02 |
30-Day Fed Funds November 2002 Futures | FedFundsF.zqx02 |
30-Day Fed Funds October 2002 Futures | FedFundsF.zqv02 |
30-Day Fed Funds September 2002 Futures | FedFundsF.zqu02 |
30-Day Fed Funds August 2002 Futures | FedFundsF.zqq02 |
30-Day Fed Funds July 2002 Futures | FedFundsF.zqn02 |
30-Day Fed Funds June 2002 Futures | FedFundsF.zqm02 |
30-Day Fed Funds May 2002 Futures | FedFundsF.zqk02 |
30-Day Fed Funds April 2002 Futures | FedFundsF.zqj02 |
30-Day Fed Funds March 2002 Futures | FedFundsF.zqh02 |
30-Day Fed Funds February 2002 Futures | FedFundsF.zqg02 |
30-Day Fed Funds January 2002 Futures | FedFundsF.zqf02 |
30-Day Fed Funds December 2001 Futures | FedFundsF.zqz01 |
30-Day Fed Funds November 2001 Futures | FedFundsF.zqx01 |
30-Day Fed Funds October 2001 Futures | FedFundsF.zqv01 |
30-Day Fed Funds September 2001 Futures | FedFundsF.zqu01 |
30-Day Fed Funds August 2001 Futures | FedFundsF.zqq01 |
30-Day Fed Funds July 2001 Futures | FedFundsF.zqn01 |
30-Day Fed Funds June 2001 Futures | FedFundsF.zqm01 |
30-Day Fed Funds May 2001 Futures | FedFundsF.zqk01 |
30-Day Fed Funds April 2001 Futures | FedFundsF.zqj01 |
30-Day Fed Funds March 2001 Futures | FedFundsF.zqh01 |
30-Day Fed Funds February 2001 Futures | FedFundsF.zqg01 |
30-Day Fed Funds January 2001 Futures | FedFundsF.zqf01 |
30-Day Fed Funds December 2000 Futures | FedFundsF.zqz00 |
30-Day Fed Funds November 2000 Futures | FedFundsF.zqx00 |
30-Day Fed Funds October 2000 Futures | FedFundsF.zqv00 |
30-Day Fed Funds September 2000 Futures | FedFundsF.zqu00 |
30-Day Fed Funds August 2000 Futures | FedFundsF.zqq00 |
30-Day Fed Funds July 2000 Futures | FedFundsF.zqn00 |
30-Day Fed Funds June 2000 Futures | FedFundsF.zqm00 |
30-Day Fed Funds May 2000 Futures | FedFundsF.zqk00 |
30-Day Fed Funds April 2000 Futures | FedFundsF.zqj00 |
30-Day Fed Funds March 2000 Futures | FedFundsF.zqh00 |
30-Day Fed Funds February 2000 Futures | FedFundsF.zqg00 |
30-Day Fed Funds January 2000 Futures | FedFundsF.zqf00 |
30-Day Fed Funds December 1999 Futures | FedFundsF.zqz99 |
30-Day Fed Funds November 1999 Futures | FedFundsF.zqx99 |
30-Day Fed Funds October 1999 Futures | FedFundsF.zqv99 |
30-Day Fed Funds September 1999 Futures | FedFundsF.zqu99 |
30-Day Fed Funds August 1999 Futures | FedFundsF.zqq99 |
30-Day Fed Funds July 1999 Futures | FedFundsF.zqn99 |
30-Day Fed Funds June 1999 Futures | FedFundsF.zqm99 |
30-Day Fed Funds May 1999 Futures | FedFundsF.zqk99 |
30-Day Fed Funds April 1999 Futures | FedFundsF.zqj99 |
30-Day Fed Funds March 1999 Futures | FedFundsF.zqh99 |
30-Day Fed Funds February 1999 Futures | FedFundsF.zqg99 |
30-Day Fed Funds January 1999 Futures | FedFundsF.zqf99 |
30-Day Fed Funds December 1998 Futures | FedFundsF.zqz98 |
30-Day Fed Funds November 1998 Futures | FedFundsF.zqx98 |
30-Day Fed Funds October 1998 Futures | FedFundsF.zqv98 |
30-Day Fed Funds September 1998 Futures | FedFundsF.zqu98 |
30-Day Fed Funds August 1998 Futures | FedFundsF.zqq98 |
30-Day Fed Funds July 1998 Futures | FedFundsF.zqn98 |
30-Day Fed Funds June 1998 Futures | FedFundsF.zqm98 |
30-Day Fed Funds May 1998 Futures | FedFundsF.zqk98 |
30-Day Fed Funds April 1998 Futures | FedFundsF.zqj98 |
30-Day Fed Funds March 1998 Futures | FedFundsF.zqh98 |
30-Day Fed Funds February 1998 Futures | FedFundsF.zqg98 |
30-Day Fed Funds January 1998 Futures | FedFundsF.zqf98 |
30-Day Fed Funds December 1997 Futures | FedFundsF.zqz97 |
30-Day Fed Funds November 1997 Futures | FedFundsF.zqx97 |
30-Day Fed Funds October 1997 Futures | FedFundsF.zqv97 |
30-Day Fed Funds September 1997 Futures | FedFundsF.zqu97 |
30-Day Fed Funds August 1997 Futures | FedFundsF.zqq97 |
30-Day Fed Funds July 1997 Futures | FedFundsF.zqn97 |
30-Day Fed Funds June 1997 Futures | FedFundsF.zqm97 |
30-Day Fed Funds May 1997 Futures | FedFundsF.zqk97 |
30-Day Fed Funds April 1997 Futures | FedFundsF.zqj97 |
30-Day Fed Funds March 1997 Futures | FedFundsF.zqh97 |
30-Day Fed Funds February 1997 Futures | FedFundsF.zqg97 |
30-Day Fed Funds January 1997 Futures | FedFundsF.zqf97 |
30-Day Fed Funds December 1996 Futures | FedFundsF.zqz96 |
30-Day Fed Funds November 1996 Futures | FedFundsF.zqx96 |
30-Day Fed Funds October 1996 Futures | FedFundsF.zqv96 |
30-Day Fed Funds September 1996 Futures | FedFundsF.zqu96 |
30-Day Fed Funds August 1996 Futures | FedFundsF.zqq96 |
30-Day Fed Funds July 1996 Futures | FedFundsF.zqn96 |
30-Day Fed Funds June 1996 Futures | FedFundsF.zqm96 |
30-Day Fed Funds May 1996 Futures | FedFundsF.zqk96 |
30-Day Fed Funds April 1996 Futures | FedFundsF.zqj96 |
30-Day Fed Funds March 1996 Futures | FedFundsF.zqh96 |
30-Day Fed Funds February 1996 Futures | FedFundsF.zqg96 |
30-Day Fed Funds January 1996 Futures | FedFundsF.zqf96 |
30-Day Fed Funds December 1995 Futures | FedFundsF.zqz95 |
30-Day Fed Funds November 1995 Futures | FedFundsF.zqx95 |
30-Day Fed Funds October 1995 Futures | FedFundsF.zqv95 |
30-Day Fed Funds September 1995 Futures | FedFundsF.zqu95 |
30-Day Fed Funds August 1995 Futures | FedFundsF.zqq95 |
30-Day Fed Funds July 1995 Futures | FedFundsF.zqn95 |
30-Day Fed Funds June 1995 Futures | FedFundsF.zqm95 |
30-Day Fed Funds May 1995 Futures | FedFundsF.zqk95 |
30-Day Fed Funds April 1995 Futures | FedFundsF.zqj95 |
30-Day Fed Funds March 1995 Futures | FedFundsF.zqh95 |
30-Day Fed Funds February 1995 Futures | FedFundsF.zqg95 |
30-Day Fed Funds January 1995 Futures | FedFundsF.zqf95 |
30-Day Fed Funds December 1994 Futures | FedFundsF.zqz94 |
30-Day Fed Funds November 1994 Futures | FedFundsF.zqx94 |
30-Day Fed Funds October 1994 Futures | FedFundsF.zqv94 |
30-Day Fed Funds September 1994 Futures | FedFundsF.zqu94 |
30-Day Fed Funds August 1994 Futures | FedFundsF.zqq94 |
30-Day Fed Funds July 1994 Futures | FedFundsF.zqn94 |
30-Day Fed Funds June 1994 Futures | FedFundsF.zqm94 |
30-Day Fed Funds May 1994 Futures | FedFundsF.zqk94 |
30-Day Fed Funds April 1994 Futures | FedFundsF.zqj94 |
30-Day Fed Funds March 1994 Futures | FedFundsF.zqh94 |
30-Day Fed Funds February 1994 Futures | FedFundsF.zqg94 |
30-Day Fed Funds January 1994 Futures | FedFundsF.zqf94 |
30-Day Fed Funds December 1993 Futures | FedFundsF.zqz93 |
30-Day Fed Funds November 1993 Futures | FedFundsF.zqx93 |
30-Day Fed Funds October 1993 Futures | FedFundsF.zqv93 |
30-Day Fed Funds September 1993 Futures | FedFundsF.zqu93 |
30-Day Fed Funds August 1993 Futures | FedFundsF.zqq93 |
30-Day Fed Funds July 1993 Futures | FedFundsF.zqn93 |
30-Day Fed Funds June 1993 Futures | FedFundsF.zqm93 |
30-Day Fed Funds May 1993 Futures | FedFundsF.zqk93 |
30-Day Fed Funds April 1993 Futures | FedFundsF.zqj93 |
30-Day Fed Funds March 1993 Futures | FedFundsF.zqh93 |
30-Day Fed Funds February 1993 Futures | FedFundsF.zqg93 |
30-Day Fed Funds January 1993 Futures | FedFundsF.zqf93 |
30-Day Fed Funds December 1992 Futures | FedFundsF.zqz92 |
30-Day Fed Funds November 1992 Futures | FedFundsF.zqx92 |
30-Day Fed Funds October 1992 Futures | FedFundsF.zqv92 |
30-Day Fed Funds September 1992 Futures | FedFundsF.zqu92 |
30-Day Fed Funds August 1992 Futures | FedFundsF.zqq92 |
30-Day Fed Funds July 1992 Futures | FedFundsF.zqn92 |
30-Day Fed Funds June 1992 Futures | FedFundsF.zqm92 |
30-Day Fed Funds May 1992 Futures | FedFundsF.zqk92 |
30-Day Fed Funds April 1992 Futures | FedFundsF.zqj92 |
30-Day Fed Funds March 1992 Futures | FedFundsF.zqh92 |
30-Day Fed Funds February 1992 Futures | FedFundsF.zqg92 |
30-Day Fed Funds January 1992 Futures | FedFundsF.zqf92 |
30-Day Fed Funds December 1991 Futures | FedFundsF.zqz91 |
30-Day Fed Funds November 1991 Futures | FedFundsF.zqx91 |
30-Day Fed Funds October 1991 Futures | FedFundsF.zqv91 |
30-Day Fed Funds September 1991 Futures | FedFundsF.zqu91 |
30-Day Fed Funds August 1991 Futures | FedFundsF.zqq91 |
30-Day Fed Funds July 1991 Futures | FedFundsF.zqn91 |
30-Day Fed Funds June 1991 Futures | FedFundsF.zqm91 |
30-Day Fed Funds May 1991 Futures | FedFundsF.zqk91 |
30-Day Fed Funds April 1991 Futures | FedFundsF.zqj91 |
30-Day Fed Funds March 1991 Futures | FedFundsF.zqh91 |
30-Day Fed Funds February 1991 Futures | FedFundsF.zqg91 |
30-Day Fed Funds January 1991 Futures | FedFundsF.zqf91 |
30-Day Fed Funds December 1990 Futures | FedFundsF.zqz90 |
30-Day Fed Funds November 1990 Futures | FedFundsF.zqx90 |
30-Day Fed Funds October 1990 Futures | FedFundsF.zqv90 |
30-Day Fed Funds September 1990 Futures | FedFundsF.zqu90 |
30-Day Fed Funds August 1990 Futures | FedFundsF.zqq90 |
30-Day Fed Funds July 1990 Futures | FedFundsF.zqn90 |
30-Day Fed Funds June 1990 Futures | FedFundsF.zqm90 |
30-Day Fed Funds May 1990 Futures | FedFundsF.zqk90 |
30-Day Fed Funds April 1990 Futures | FedFundsF.zqj90 |
30-Day Fed Funds March 1990 Futures | FedFundsF.zqh90 |
30-Day Fed Funds February 1990 Futures | FedFundsF.zqg90 |
30-Day Fed Funds January 1990 Futures | FedFundsF.zqf90 |
30-Day Fed Funds December 1989 Futures | FedFundsF.zqz89 |
30-Day Fed Funds November 1989 Futures | FedFundsF.zqx89 |
30-Day Fed Funds October 1989 Futures | FedFundsF.zqv89 |
30-Day Fed Funds September 1989 Futures | FedFundsF.zqu89 |
30-Day Fed Funds August 1989 Futures | FedFundsF.zqq89 |
30-Day Fed Funds July 1989 Futures | FedFundsF.zqn89 |
30-Day Fed Funds June 1989 Futures | FedFundsF.zqm89 |
30-Day Fed Funds May 1989 Futures | FedFundsF.zqk89 |
30-Day Fed Funds April 1989 Futures | FedFundsF.zqj89 |
30-Day Fed Funds March 1989 Futures | FedFundsF.zqh89 |
30-Day Fed Funds February 1989 Futures | FedFundsF.zqg89 |
30-Day Fed Funds January 1989 Futures | FedFundsF.zqf89 |
30-Day Fed Funds December 1988 Futures | FedFundsF.zqz88 |
30-Day Fed Funds November 1988 Futures | FedFundsF.zqx88 |
30-Day Fed Funds October 1988 Futures | FedFundsF.zqv88 |
What Are Fed Funds futures
Fed Funds Futures are financial derivatives contracts that allow market participants to speculate on or hedge against future changes in the Federal Funds Rate. The Federal Funds Rate is the interest rate at which depository institutions (such as banks and credit unions) lend reserve balances to other depository institutions overnight in the United States. It is a key short-term interest rate that influences borrowing and lending rates throughout the economy.
Here are the key components and characteristics of Fed Funds Futures:
- Underlying Asset: The underlying asset for Fed Funds Futures is the effective Federal Funds Rate, which is the average rate at which banks lend to one another in the federal funds market.
- Contract Size: Each Fed Funds Futures contract typically represents a notional amount of $5 million.
- Settlement Period: Fed Funds Futures contracts are settled monthly, with each contract corresponding to a specific month in the future.
- Pricing: The price of a Fed Funds Futures contract is quoted as 100 minus the expected future Federal Funds Rate. For example, if the futures price is 99.50, it implies an expected Federal Funds Rate of 0.50%. If it’s 99.75, it implies a rate of 0.25%. The price reflects market expectations for the Federal Funds Rate at the contract’s expiration.
- Trading and Expiration: Fed Funds Futures contracts trade on various futures exchanges, such as the Chicago Mercantile Exchange (CME). They have specific expiration dates, usually on the last business day of the contract month.
- Settlement: Settlement of Fed Funds Futures is in cash. The profit or loss for the holder of a contract is determined by the difference between the futures price at which they entered the contract and the effective Federal Funds Rate on the contract’s expiration date.
- Hedging and Speculation: Market participants use Fed Funds Futures for different purposes. Banks and financial institutions may use them to hedge interest rate risk in their portfolios, while speculators may trade them to profit from interest rate movements or to express a view on the direction of monetary policy.
- Connection to Monetary Policy: Changes in the Federal Funds Rate are typically determined by the Federal Reserve as a tool to implement monetary policy. Therefore, Fed Funds Futures can be used as an indicator of market expectations regarding future monetary policy actions by the central bank.
Fed Funds Futures are an important tool for market participants and policymakers to gauge market sentiment about future interest rate movements. They are often used in conjunction with other interest rate derivatives to manage and mitigate interest rate risk in financial markets.
Interpreting the Fed Funds Forward Curve dynamics
When the US economy is strong and inflation expectations are rising the market is expecting central banks to raise rates in order to decelerate economic and inflation expectations. Short-term interest rates like the Fed Funds are linked to the macroeconomic environment, fiscal and monetary policies and the financial markets (commodities).Hence, short term interest rates should be expected to rise and their related futures which are the 3-month Fed Funds futures should sell off (note: implied interest rate for futures is calculated as 100 minus the futures price). At the same time and since markets are interrelated, fixed income markets are linked the Yield Curve (10-year minus 3-month). The Yield curve steepens when growth expectations are rising and flattens when growth falls (MacroVar monitors all macroeconomic and financial factors which are leading indicators of growth expectations).
When central banks set rates correctly, we should expect smooth slope implied curve in the short term interest rate futures markets.
Highly sloping implied rate curves imply that the central bank reacted too late, the economy has overheated causing inflationary pressures and the futures markets imply aggressive interest rate hikes.
An Inverted implied rate curve implies that the central bank reacted too late, hence has to be more aggressive in order to combat inflation pressures, causing the business cycle to shorten, a possible recession due to early fast hikes and interest rate cuts later on to combat an impeding recession.
The Federal reserves's FOMC meetings affect these markets to a large extent. When the FED becomes more hawkish (tendency to raise rates) or dovish by either adjusting interest rates and/or use QE/QT, it affects the Short-term interest rates futures markets directly.
When the US 2-year bond yield which is determined by market forces falls below the FED refinancing rate it implies the market expects FED to cut interest rates in the short-term future in order to boost the economy which is currently weak.