Futures market update: Basis premiums plummeting
Basis premiums continue falling, both on CME and the offshore exchanges.
Apr 11th 2022
Source: Skew
After reaching its highest levels so far in 2022, the basis premium on CME quickly retracted and is now sitting below 2%, among the lower levels seen this year.
The basis premium on CME started falling around two weeks ago, one week before it fell on the offshore exchanges.