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One
way to capture the long term move higher in short term rates.
1954-2013
all time low
0.07%,
contract value = $292,
contract price 99.93
Current Fed funds rate
0.10%,
contract value = $417,
contract price 99.90
Top of the Feds current range
0.25%,
contract value = $1,041,
contract price 99.75
The Feds target
by end of 2016 2.00%,
contract value = $8,334,
contract price 98.00
The Feds target at full employment 4.00%,
contract value = $16,667,
contract price 96.00
1954-2013 average
5.18%,
contract value = $21,579,
contract price 94.82
1954-2013 all time high
19.10%,
contract value = $79,583,
contract price 80.90
Click
here for the complete report on how we
are trading this rate higher, no registration is
required.
Fed
funds 1991-2013 rate/contract price valuation chart.
To enlarge any chart or table on any report page click on it
The Fed is
giving us clear guidance as to where they believe interest
rates will be and by when.
All
at the Fed expect the Fed funds rate at 2.00%
by Dec 2016 and 4.00%
at full employment
Fed's
Fisher wants December taper, clear path to end of QE3
Fed
on track to taper in March; chances of December or January
James
Bullard says ready to taper Fed bond buys
Fed's
Plosser: We need to begin to get rid of QE
It
increasingly appears that tapering is coming at the Fed's
meeting next week.
Trading the Fed funds rate higher requires establishing a net
short position.
As the rate increases the contract price falls to reflect the
increase in the rate.
Each
0.01 change in the contract price = $41.67
To calculate the rate the
contract price represents take 100.00 -- the price = the
rate.
Example, 100.00 -- a
contract price of 99.90 = 0.10 or a rate of 0.10%.
A contract price of 100.00
represents a rate of 0.00%
Fed
Funds links
For
information on the Feds funds rate and how it is set.
For
information on the corresponding Fed funds futures contract
1954-2013
Fed Funds historical price data
Fed
Funds futures quotes, 100.00 -- price = rate.
Fed
funds futures daily price chart.
Weekly
chart August 2008 through 2013.
Monthly
chart, 1991-2013.
Bloomberg
interactive Fed Funds cash rate chart
In
the examples below we
are establishing long term position trades in
the Fed
funds futures contract with the objective of capturing the
long term move higher.
(I am
implementing similar strategy in 3 month, 2 year, and hedged
5, 10, and 30 year Treasury rates).
Trade
= short the C.M.E. Fed funds futures contract at 99.90,
contract value = $416.67.
Click
here for full disclosure of strategy enabling you to
understand risk,
potential reward,
and the impact of contract rolls to establish and maintain a
long term position trading the Fed funds rate higher over the
next 36 to 90 months.
Click
here for other durations we are trading
If
you have any questions at any time call, text, email or Skype
1.
Chicago
Mercantile Exchange
2.
Markets
and sectors traded
3.
Clearing
and Exchange Members
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How
funds are guaranteed plus or minus trading activity
5.
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brokerage services
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Atlas rankings
7.
Catranis
2005-2013 Trading Advisory Regulatory and compliance record
8.
Catranis
1987-2013 Brokerage compliance and regulatory record
9.
Tanner
1993-2013 compliance and regulatory record
10.
To
open an account online (for broker please enter Catranis 624)
Below
are account opening instructions for Individual or Joint
accounts please contact me for Corporate, Trust or IRA.
To
open an account online click
here for broker please enter Peter C. broker 624.
Please print out file 2, Position Trade Time and
Price Discretion Agreement signature pages
Email the completed pages with a copy of your ID to [email protected] please
cc [email protected]
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Straits
Financial account form pages that need to be completed
Position
trade time and price discretion pages that need to be
completed
Complete
Straits Financial account forms
Complete
Position Trade Time and Price Discretion Agreement
Regards,
Peter G. Catranis
Derivatives Trading Advisor
Primary Assets Management
Toll Free 800-994-5757 U.S.
and Canada
Mobile and Texts 949-302-9652
Skype Peter.Catranis
Cane Garden Bay, Tortola
British Virgin Islands
PB 3252, VG1110
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RISK
DISCLOSURE STATEMENT
PAST
RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
EXAMPLES OF HISTORIC PRICE MOVES OR EXTREME MARKET CONDITIONS
ARE NOT MEANT TO IMPLY THAT SUCH MOVES OR CONDITIONS ARE
COMMON OCCURRENCES OR ARE LIKELY TO OCCUR.
HYPOTHETICAL
PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE
THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR
LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY
SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND
THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR
TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL
PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH
THE BENEFIT OF HINDSIGHT.
IN
ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY
ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.
FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A
PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING
RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE
MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC
TRADE PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE
PREPARATION OF THE HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF
WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
BID/ASK
SPREADS, BROKERAGE COMMISSION, CLEARING, EXCHANGE AND
REGULATORY FEES WILL HAVE AN ADVERSE IMPACT ON THE NET OVERALL
PERFORMANCE OF YOUR ACCOUNT. PRIOR TO MAKING A DECISION TO
PARTICIPATE IN ANY INVESTMENT MAKE SURE YOU FULLY UNDERSTAND
THE FEES ASSOCIATED WITH TRADING.
THE
INFORMATION PROVIDED IN THIS REPORT CONTAINS RESEARCH, MARKET
COMMENTARY AND TRADE RECOMMENDATIONS. YOU MAY BE SOLICITED FOR
AN ACCOUNT BY PRIMARY ASSETS MANAGEMENT OR ONE OF ITS
REPRESENTATIVES OR EMPLOYEES. IT SHOULD BE KNOWN THAT THE
REPRESENTATIVES OF PRIMARY ASSETS MANAGEMENT MAY TRADE FUTURES
AND OPTIONS FOR THEIR OWN ACCOUNTS OR THOSE OF OTHERS. DUE TO
VARIOUS FACTORS (SUCH AS MARGIN REQUIREMENTS, RISK FACTORS,
TRADING OBJECTIVES, TRADING INSTRUCTIONS, TRADING STRATEGIES,
AND OTHER FACTORS) SUCH TRADING MAY RESULT IN THE LIQUIDATION
OR INITIATION OF FUTURES OR OPTIONS POSITIONS THAT DIFFER FROM
THE OPINIONS AND RECOMMENDATIONS FOUND IN THIS REPORT.
PAST
PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE
PERFORMANCE. THE RISK OF LOSS IN TRADING FUTURES CONTRACTS OR
COMMODITY OPTIONS CAN BE SUBSTANTIAL, AND THEREFORE INVESTORS
SHOULD UNDERSTAND THE RISKS INVOLVED IN TAKING LEVERAGED
POSITIONS AND MUST ASSUME RESPONSIBILITY FOR THE RISKS
ASSOCIATED WITH SUCH INVESTMENTS AND FOR THEIR RESULTS.
YOU
SHOULD CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR
YOU IN LIGHT OF YOUR CIRCUMSTANCES AND FINANCIAL RESOURCES.
YOU SHOULD READ THE "RISK DISCLOSURE" WEBPAGE
ACCESSED AT THE TOP OF THE HOMEPAGE. PRIMARY ASSETS MANAGEMENT
IS NOT AFFILIATED WITH NOR DOES IT ENDORSE ANY TRADING SYSTEM,
NEWSLETTER OR OTHER SIMILAR SERVICE.
PRIMARY
ASSETS MANAGEMENT DOES NOT GUARANTEE OR VERIFY ANY PERFORMANCE
CLAIMS MADE BY SUCH SYSTEMS OR SERVICES. THIS MATERIAL IS
CONVEYED AS A SOLICITATION FOR ENTERING INTO A FUTURES AND
OPTIONS TRANSACTION.
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