Eurodollar Futures Weekly........>

US EURODLR FUTURES: Eurodollar Futures Weekly Update: Add Wed's impeachment

inquiry annc into Pres Trump to US/China trade and other sundry geopolitical

risks supporting safe havens this wk. 

- Fed out of media blackout: StL Fed Bullard said Mon he would cut another 25bp,

citing trade war and willingness to "take out some insurance against" potential

slowdown. Conversely, StL Fe Williams said Fed "should conserve firepower," as

"reducing policy room may prompt risky QE in downturn." Current session, Philly

Fed Pres Harker said he didn't support last week's rate cut, siding w/Fed

Williams that there's no need to "rush to judgement" over current mkt issues.

- Front Dec'19/Red'20 spd collapsed earlier in the week as rates cut pricing by

year end deferred to 2020. MNI PINCH model, however, held largely steady vs.

week ago levels, appr 95% of a third hike at the late October FOMC while chances

of a fourth cut climbed from 30.2% to 32.4%. For the week: the lead EDZ9 futures

gained 0.035 to 98.035, while EDH0 through EDU0 gained 0.060-0.070; Reds

(EDZ0-EDU1), Greens (EDZ1-EDU2) and Blues (EDZ2-EDU3) were +0.060-0.065, while

Golds (EDZ3-EDU4) gained 0.055-0.040 on the week.