Bond trader places largest fed funds bet


The motive behind the transaction is unclear. — Bloomberg

NEW YORK: A record-sized block trade was placed in the federal funds futures market on Tuesday, just days ahead of a key set of US labour data that could shape US interest rate expectations.

The trade was struck in the January contracts for a size of 200,000, the largest ever as confirmed by CME Group, and stood out in an otherwise calm market. 

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