Eurodollar Legacy Futures
Eurodollar Legacy Futures — Legacy LIBOR STIR futures superseded by SOFR contracts.
Definition
Eurodollar Legacy Futures refers to legacy LIBOR STIR futures superseded by SOFR contracts. Keep that definition fixed when comparing series, managers, or regimes — renaming the same tape does not create a new signal.
Why it matters
Policy-sensitive rates set the discount factor for almost every other asset class. When legacy LIBOR STIR futures superseded by SOFR contracts shifts, related hedges, limits, and narratives usually need an explicit update rather than a quiet assumption.
Case
Suppose a desk is positioned for the opposite of what eurodollar legacy futures is saying. If legacy LIBOR STIR futures superseded by SOFR contracts moves against that book, the first question is not “is the story clever?” but whether size, hedges, and stop logic still match the observation.
How to read it
Read spot, forwards, and real vs nominal together — one leg alone invents a story. Prefer a short written null hypothesis for Eurodollar Legacy Futures: what would falsify the current reading in the next window?