The U.S. interest rate market sees massive bets on SOFR downward trades

Wallstreetcn
2025.10.28 00:51

CME data shows that a block trade was executed last Thursday, involving 40,000 contracts expiring in November, betting that the average Secured Overnight Financing Rate (SOFR) in November will be less than 9 basis points higher than the expected federal funds rate. This trade marks a shift in trends this year, reflecting the market's increasing expectation that the Federal Reserve will announce the end of QT at the conclusion of this week's policy meeting. (Reuters)

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