Good move @CMEGroup. Fed's YCC would have killed the market for the next 3 years.
https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2020/07/SER-8630.pdf …
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FF hardly have decent liquidity after 1-1.5 years. So, why will it matter?
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Replying to @GARVITOMER @aRishisays and
It should in theory improve liquidity in the strips still available. Would rather have a few liquid strips than a ton of illiquid ones.
11:18 AM - 4 Aug 2020
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