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Liquidity in these ccy futures options ranges from non-existent to utter sh1te, even for the usual suspects like EURUSD (open interest is smth ridiculously piddly like 100 lots for the options on the front contract).

Forex futures are exchange-traded FX fwds. You should be able to play with both, but only if you understand the difference between spot and fwd.

Exch-traded options are fungible. If you bought some option contracts and then sold your position out, you're flat, have no exposure and are not on the hook to anyone. This doesn't hold for OTC option contracts, such as FX options, for example.

http://eng.krx.co.kr/m3/m3_2/m3_2_1/JHPENG03002_01.jsp Google is such a wonderful instrument...

When investors pour money into bonds, yields go lower, not higher. So, hopefully, the peeps you were listening to said "yields are the lowest ever". [B] What does the amount of "bond money" taken by a company have to do with its ability to "receive capital"? A company that has obtained a...

Good luck, gents... May the Force be with you!

You got this all bass-ackwards...

+1 Most important, by far.

Well, I don't quite know what to say. I'm all choked up! Pls excuse me, I can't talk right now... :)

Yeah... Bank bill futures (IR) are the Aussie Eurodollars, whereas the interbank cash rate futs are the Aussie FedFunds.

You're gonna have to stick with the bank bills, which, I guess, IB does offer.

I'd be careful, tj... Good luck, anyways.

I am not sure I understand... What brutal interest rate risk? If I don't like the exposure to rates, I'll sell some 3y USTs at 77bps. However, at this particular juncture, I like interest rate risk. That's the whole point of the "duration grab" that's been happening recently. Whether that's...

Well, what sort of rate are you expecting to get on your far superior cash pos'n?

What is so especially heinous about <1% yield? I know I keep beating the same dead horse, but do you know where 3y JGB yield is? People are happily buying those at 15bps, so, to them, 1% might look like a bargain here.

Let me guess, JP asset mgmt are massively overweight equities and underweight bonds. Don't ask me how I figured that out, it's a secret :)

I don't know if it does make a difference, given that most of the Chinese savings are, effectively, USD-denominated.

On the bright side, the "flattening disease" has spread to the long end, so 10s30s is flattening like a bastard. Bull flattening extravaganza today.

Erm, today might not have been a great day to get into this trade. We might be hitting 2.5% yield on the current 10s and, as I keep repeating, have you seen where 10y JGBs are trading these days?

+1 and eloquently written, to boot...