This is abundantly clear when viewing the eurodollar futures chart below. Background: The eurodollar market started in 1957 when non-U.S. banks began holding dollars on behalf of entities or nations ...
These contracts come in various forms that include Treasury, SOFR, and eurodollar futures. They are used by banks, investors, and businesses to hedge against interest-rate risk. Treasury futures ...
Odd Lots has been exploring the history of the eurodollar market in a special three-part series hosted by Columbia Law School's Lev Menand and the New York Fed's Josh Younger. But why should we ...