CME markets quiet after Oct 31 release of Case Shiller #’s.

The CME markets had a quiet reaction to this morning’s release of the Aug Case Shiller numbers.  The table below shows change to the bids, ask and mid-market levels of the 11 Nov ’18 contracts.  The areas highlighted in the row labeled “One day change (mid-mid)” reflect the two contracts that saw the highest gain, in green (LAV and SDG) and the two contracts that had the biggest losses, in red (SFR and WDC).

 

On balance, contracts prices rose slightly.  Bid/ask spreads have almost returned to yesterday’s levels.

While there were seven trades yesterday, as of 12:30 today, there have been none today.

Feel free to contact me (johnhdolan@homepricefutures.com) if you have any questions on this blog, or any aspect of hedging home price indices.

Thanks,

John

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