Eurodollar Future – Dec 2008 |
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Comment: The US Long Bond is leading the way to lower yields, and a ‘flight to quality’, as the US yield curve flattens. This Dec08 Eurodollar future continues to snake its way across the page in a highly unstable ‘wedge’ formation. Trade the tiny range with a bias towards shorting for a possible slip later this month. Calendar spreads should invert further and the spread between Libor and TBills widen. Strategy: Attempt small shorts at 97.110; stop above 97.200. Add to shorts on a daily close
Filed under: Technical
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