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Mysterious traders bet on Fed rate cuts 50 basis points, CME shows the largest federal funds futures block trade in history

Source: ChainCatcher
According to ChainCatcher, in the federal funds futures market of CME, there are "mysterious traders" who are currently guarding against a super dovish accident in the Federal Reserve's resolution this week. According to researcher Ed Bolingbroke, the largest federal funds futures block trade ever appeared on Monday, according to researcher Ed Bolingbroke’s findings, which the Chicago Mercantile Exchange confirmed on the X platform. It is reported that the price and timing of the bulk transaction are in line with the buyer's characteristics, and given that the current swap market has fully digested the 25 basis point rate cut expectations, the move may suggest that the mysterious trader is hedging the risk of the Federal Reserve's decision to drop 50 basis points on Wednesday.
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