3yr-KTB futures plunged 33 ticks to close at 111.69 as the 3-yr KTB yield soared from 3.68% to 3.79% after Federal Reserve Chairman Alan Greespan’s comments hinting at a possible interest rate hike in the future and the results of 5yr-KTB auction.
As a result, massive stop-loss sell orders drove the trading volume up to a record high since the contract was first listed.
? The previous record high was 129,819 contracts on October 12, 2001.
In addition, with June three-year KTB futures reaching the maturity date, there were a considerable number of positions in three-year KTB futures being actively rolled over to September maturity.
In terms of the type of investors, the banks’ market share was 32.1%, followed by foreigners with 20.3% and securities firms with 15.8%.
