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Where has all the STIR trading gone?

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LIBOR cessation has significantly curtailed activity in certain short dated futures markets. CHF and JPY used to see volumes of $1.5Trn per month notional equivalent. But these two markets have seen a 99.7%+ reduction in activity in 2022 to almost nothing. However, GBP short term interest rate futures activity has been robust. We outline differences […]

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