US stock indices slow down as bond yields rise; CME to launch weekly options on Emini NASDAQ 100; CME to launch Ukrainian wheat futures and options with Platts;
US stock indices slow down as bond yields rise
The week before last was a odd week for the US markets. As bond yields increased, so did the stock markets. Generally the fixed income yields and the stock markets have an inverse relationship. By the week ending by 19th March, the anomaly has somewhat tried to correct.
US 10-year bond yields ended at 1.730% and the 5-year bonds ended at 0.887%, up from the last week (http://futuresandoptions.info/markets-wrap-12-03-2021/). The US stock indices meanwhile ended marginally down from the previous week-end. NASDAQ 100 ended at 12866, while S&P 500 ended at 3913. Dow Jones Industrial Average closed at 32627.
CME to launch weekly options on Emini NASDAQ 100
CME has announced that it will list options on Emini NASDAQ 100 that would expire on Monday and Wednesday of each week. CME believes that this will be beneficial to the short term traders who are looking for intra-week volatility on the very liquid Emini NASDAQ 100 futures product.
If the regulatory approval is granted, the options will be listed starting April 12, 2021.
CME to launch Ukrainian wheat futures and options with Platts
In another product rollout, CME has announced the plans to launch Ukrainian wheat futures and options with Platts. The news comes nearly two months after Euronext announced plans in January to trade Ukrainian wheat futures and options with Argus. Similar to Euronext, CME futures will also be cash settled.
Source: https://www.hellenicshippingnews.com/cme-to-launch-ukrainian-wheat-futures-with-platts-in-april/
