The July release of the Case Shiller numbers for May were slightly lower than “suggested” by quotes in the Aug 2014 contracts from the day before. As such, CME quotes fell (but bid/ask spreads were much tighter) by the end of the day in all but one contract (LAV).
There … Read More
The complacency of prices in the CME contracts got a mild shock yesterday with the June release of the April Case Shiller indices. Prior to Tuesday there had been no trades in June (that I was aware of) and very few meaningful price changes. That changed when the S&P announcement … Read More
With the release of the April Case Shiller #’s almost upon us (Tuesday April 29th), with the increasingly bearish tilt in some housing forecasts, and with the (OK a personal) perspective of having snow in my yard in both October and April this year, I thought that it might be … Read More
With the February release of the Case Shiller #’s for December 2013 only a few days away (Tues. 2/25 8:15 AM Chicago) I thought that it might be a good time to review quotes for the expiring Feb ’14 (G14) contract. Recall that the settlement prices for the G14 contracts … Read More
Bid/ask spreads widened across many regions and expirations after the release of the Case Shiller #’s this morning. The attached table shows the history of the CS indices over recent history, the CME markets for the front G14 (Feb 2014) contract during late Monday, the actual CS #’s that were … Read More
I’ve posted delayed prices for the CME Case Shiller futures from earlier in the day in the Reports section (here) to give traders a reference point of where markets where before tomorrow morning’s release of the November Case Shiller indices.
Bid/ask spreads compressed during the month for every … Read More