CBOT Fed Funds March Settlement

The CBOT 30-Day Fed Fund futures contract for March 2005 will be cash settled this morning at a final settlement price of 97.371, implying an average daily effective federal funds rate of 2.629 percent during the delivery month. Please refer to the attached spreadsheet for more information regarding the calculation of this settlement.

CBOT Fed Funds March 2005 Settlement - 04.01.2005