Dollars and Jens
Wednesday, April 21, 2004
Interest rates and the Fed
August fed funds futures have moved 7.5 basis points since settlement yesterday afternoon, and indicate an average fed funds rate of 1.275% in August, but don't appear too liquid. July is priced at 1.1%, having been around 1.13% earlier this morning.

The raw data are at the CBOT website; subtract prices from 100 to get percentage points. (I assume the convention was designed for T-bill traders.)

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