1 month Euribor rate

Retrieved 18 June Both Liffe and CME allow direct exchange trading in calendar spreads the order book for spreads is separate from that of the underlying futures , which are quoted in terms of implied prices price differences between futures of different expiries. Views Read Edit View history. Then if interest rates rise in the future, the value of the future will fall as it is linked to the underlying asset, bond prices , and hence a profit can be made when closing out of the future i.

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