Prices for Case Shiller futures largely tracked changes in the index numbers released Tuesday (April 30th) morning. The California markets were generally stronger, while DEN and CHI lagged on weaker index numbers. Mid-market levels for the California (and LAV, MIA) contracts continue to improve, while the northern markets (BOS, CHI, … Read More
A 16-page report highlighting many aspects of the CME Case Shiller futures markets (e.g. volume, bid/ask spread, price changes) is available in the Reports section or by clicking here
Trading picked up (albeit to still low levels), open interest rose back above 100, and bid/ask spreads narrowed by 1 point … Read More
Trades on Dec 31st helped tighten up Boston quotes.
Four contracts (BOS, CUS, NYM and SFR) now have quotes for all expirations.
The average bid/asked spread for all Nov ’11 contracts is 5.4 points. There are … Read More
When I say it’s that time of year, I’m not talking about the change of weather, I’m not pining for eggnog, and I’m certainly not looking forward to TSA pat-downs.
No -this is the time of year when Wall Street feels compelled to step up to the plate and make … Read More
HUD has recently released a new website http://www.huduser.org/portal/regional.html that has statistics on regional issues related to home prices. They’ve compiled statistics on population, income, employment, and housing-related numbers. This looks to be a great resource for trading the ten different regional contracts.
A number of people interested in following the Case Shiller indices have focused on the 20-city index. While this is a broader index, the CME contracts are on the 10-city index. Therefore, if you’re going to trade the CUS contract, it’s important to know the differences between the two indices.… Read More
One of my personal highlights of the recent Treasury meeting to address housing problems was to discover that HUD has been following the CME futures markets – and uses changes in the prices of forward contracts as indications of changes in sentiment on forward home prices.
This graph, that shows … Read More
One of my roles away from here is that of moderator for a book club at my local library. (Non-fiction, primarily foreign affairs and current events) That role has reintroduced me to a love of reading that proved elusive with a life (in the early 2000’s) of early business meetings, … Read More