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Front end gap bid to 97.55.......>

US EURODLR FUTURES: Front end gap bid to 97.55 high last couple minutes -- seems
like rate cut crowd gathering momentum (Barclays now calling for 3 rate cuts by
year end -- starting in the fall, an Aggressive call!). Gap bid may be artifact
of an air pocket in futures as traders pointed out just over 22k EDM9 traded at
97.527 but some 17k traded from 97.53-97.55. Lead quarterly already paring move.
Current White pack (Jun 19-Mar 20):
* Jun 19 +0.047 at 97.532
* Sep 19 +0.095 at 97.735
* Dec 19 +0.120 at 97.885
* Mar 20 +0.130 at 98.090
* Red Pack (Jun 20-Mar 21) +0.115 to +0.130
* Green Pack (Jun 21-Mar 22) +0.080 to +0.10
* Blue Pack (Jun 22-Mar 23) +0.055 to +0.075
* Gold Pack (Jun 23-Mar 24) +0.055 to +0.055

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