Why does the interest rate futures price change in the opposite direction to the market interest rate?
Because the target of interest rate futures is bond securities, and the interest rate of bonds is set before the market interest rate in the same period, if the bond interest rate is lower than the market interest rate, investors will not buy bonds. At this time, only by lowering the bond price can the two sides become equal, so it is in the opposite direction, and vice versa. Thank you.