What is the most direct mechanism available to retail investors to profit from (i.e. hedge against) a future increase in the 12-month LIBOR rate?
e.g. The 12-month LIBOR rate is 2.29% as of 2/1/2018. The investor wishes to take on a position which will profit if the 12-month LIBOR rate is higher than 2.29% on February 1st, 2024 (6 years from now), understanding there would likely be a loss if the rate is under 2.29% at that time.
I have reviewed the CME's Interest Rate Swap products (CME link here), however, it appears they do not have a 12-month LIBOR specifically, and besides, their products are only available to institutional and certain high net worth individuals. I'm interested in something available to the general public.
Practical applications: An individual may have a future obligation which is effectively short 12-month LIBOR futures, such as an Adjustable Rate Mortage currently frozen to an initial fixed rate, and wishes to hedge this highly directional exposure.