Trade Snapshot
⏱ 10:30:16 AM ET
Fed funds rate after Jun 2026 meeting? — Above 3.75%
A taker stepped up on NO, taking the NO side of the "Above 3.75%" outcome in the federal funds rate market — the NO side wins if the upper bound does NOT exceed 3.75% following the Fed's Jun 17, 2026 meeting. The trade covered 8,173 NO contracts at 98¢ each, totaling $8,010. With no resting orders and zero reported liquidity, the book showed no cushion, though the price held at its last-traded level without visible slippage. YES sits at 2¢, placing the implied probability of a rate above 3.75% at approximately 2%.
📊 Last 98 trades: 98 trades over 11.9 hours (10:37 PM to 10:30 AM ET), NO volume leads $19,689 to $876, price holding near 2¢. One $8,010 NO trade (8,173 contracts) accounts for 39% of the flow.
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