according to my calc here ff have avgred 2.06% this month, so there wont be any major disruptions on the settlement of the futures if the fed can calm the markets, does anyone disagree http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm
As long as you are taking into account the "new expected target rate" if and when they ease this afternoon.
nazzdack, looks like the market bailed me out of my mistake yesterday. the bubble is trying to come back we will see if it wont burst along with the vix
talk about disruptions. the fed funds futures market is using the equity market as a guide and is pricing big hike expectations next year. but the equity market is just short-covering, this is unsustainable, I urge everybody to go long deferred fed funds here