Eurodollar Future – Dec 2008 |
|
Comment: Two-year Treasury Notes are the new ‘safe haven’ as money market turmoil distorts shorter dated TBills. Therefore the yield curve has steeped significantly this week although the scramble into the long-bond (which yields a hefty 4.15%) continues. Front month Eurodollar futures are almost as inverted against any other contract month as the record of 1989, and Euribor futures spreads over Eurodollar ones continue to narrow. Three-month Libor is indicated at 4.35% this morning,
Filed under: Technical
Latest Posts
- BoE and ECB: Will they Under or Over Deliver?
- Japan CAPEX highlights ongoing weakness in capital spending
- The US dollar traded stronger against a basket of currencies after the ECB
- Asia Session
- Asian Session: Asian Stocks rise on further commodity weakness – markets eye NFP’s today
- Update on global housing market
- Guidelines For a Market Bottom
- Usd/Chf update
- Daily FX Commentary
- Eur/Usd for today
- Greenback declines against the Yen as U.S payrolls fall
- Finding a Broker
- Forex - Dollar fell against Euro after ECB rate cut
- Euro Gains After “Meager” Rate Cut
- Daily Forex Overview