Interbank Market News Scan: What retail traders should look at from the Federal Reserve perspective at 8:43 am EST.

The Stats …

30-Day Federal Funds Futures and Options: 95.135

Source: CME Group.

Effective Federal Funds Rate: 5.08%

Federal Funds Target Range: 5.00% to 5.25%.

Discount Window: 5.25%

Interest on Reserve Balances: 5.15%

U.S. Ten-Year Treasurys: 3.39%






Source: Board of Governors-Federal Reserve System.

Today’s Definition: market maker.

“A firm or individual who actively quotes two-sided markets in a particular security by providing bids and offers (asks) along with the market side of each. Market makers provide liquidity and depth to markets and profit from the difference in the bid-ask spread. They may also make trades for their own accounts, which are known as principal trades.” — Investopedia.

Disclaimer: This information is not being offered as legal or financial advice. Contact your legal or financial advisors before trading on any information.