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

US EURODLR FUTURES
US EURODLR FUTURES: Eurodollar Futures Weekly Update: Risk-off remained primary
theme of week. Barring Fri's mixed employment data, weak data coupled with
ongoing headline risk from US/China trade and constantly evolving impeachment
inquiry of Pres Trump saw futures surge higher across the strip. 
- Rates surged higher on Thursday's large non-mfg ISM miss (52.6 vs. 55.2 est),
but de-risking evaporated on hopes of elusive trade deal w/China after Pres
Trump annc delegation visit next week, equities bounce minutes after Dow took
out 200dma (25851).
- Short end ground higher as chances of two more rate cuts by year end came back
in focus: Oct 30 chances have see sawed around mid 90% to 100% for weeks, while
chances for Dec cut back around 45%. Trade had not really woken up to take
advantage of lead up to current lvls w/many plying sidelines into Fri's NFP.
- For the week: the lead EDZ9 futures gained 0.115 to 98.155 (even after current
session decline of -0.035), while EDH0 through EDU0 gained 0.180-0.190; Reds
(EDZ0-EDU1) +0.195-0.180, Greens (EDZ1-EDU2) +0.175-0.165, Blues (EDZ2-EDU3)
through Golds (EDZ3-EDU4) gained 0.160-0.165.

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