Eurodollar Future – June 2008 |
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Comment: You know things aren’t right when three-month TBills yield 1.87%, two-year TNotes 1.76%, and the Fed Funds target is 3.00%. Fed chairman Bernanke’s candid remarks on the limitations of his tool box are welcome but probably not what a desperate public need or want. More folks in denial, and the best Treasury Secretary Paulson can do is reiterate the ‘strong dollar policy’. March’s FOMC meeting on the 18th (when many expect another 50 basis point cut) comes too late for the March08
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