The CME futures reacted to yesterday’s release of the September Case Shiller indices by performing what we used to call an accordion market. One side (in this case primarily the offers) was unchanged, while the other pulled away (in this case with bids dropping). We’ll see over the next few … Read More
While recent volume in CHIX13 helped to bring some attention to trading in the CME Case Shiller futures contracts, the real value-added will come when longer-dated contracts begin to be quoted with tighter bid-ask spreads. That will shift the discussion from measurement of recent home price trends, to the viability … Read More
Quotes on the CME Case Shiller futures generally (with the exception of LAX and SDG) moved lower today after this morning’s release of the August Case Shiller indices. Bids tended to drop more than offers leading to wider bid/ask spreads. The spread widening more was more pronounced in longer-dated contracts. … Read More
There has been unusually high volume in the CHIX13 (Chicago Nov 2013) contract over the last few days. Today (Mon. Oct. 28)26 lots traded at 130.0, following another 10 trades over the last few days between 130.0-130.4. I imagine that traders involved have some expectation (and possibly disagree) as to … Read More
With half a month behind us, and now with all 121 contracts having some prices, it might be appropriate to spend a few minutes reviewing recent trends in price quotes for the CME Case Shiller futures. While there have been few trades, there has been some notable price changes.
The … Read More
With the Robert Shiller article in the NY Times, and some help from other traders in populating Sept 30 quotes, I’ve been able to pull together a recap of trading in the CME Case Shiller futures for the first time in a few months. The recap is in the Reports … Read More