.@CMEGroup executive on 2Q call argues that recent drop in interest rate trading volumes won't last (see below). As Fed Reserve intervention eases, there will be big need for clients to manage a whole lot more US debt, the most in decades, he says.https://www.chicagobusiness.com/finance-banking/cme-sticks-trading-rivals-diversify …
Whats good is we’ll be able to see if he’s right as the months play out. CME rates open interest has been dropping precipitously along with the drop in rates volatility. I remain skeptical, but hope he’s right.
