Eurodollar futures
BankingDefinition
Futures contract on 3-month USD LIBOR. Was the most-traded interest rate futures globally for decades. Retired April 2023 after LIBOR transition; replaced by SOFR futures.
Trading methodology and curve shape (Eurodollar pack, bundle, butterfly) all carried over to SOFR futures with minimal disruption.
Trading methodology and curve shape (Eurodollar pack, bundle, butterfly) all carried over to SOFR futures with minimal disruption.