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Front Weakness Continues

US EURODLR FUTURES

Following on from Tuesday's sell-off in front EDs, EDZ0 has underperformed today. As we pointed out earlier, JPM yesterday put out analysis recommending selling EDZ0 at 99.760, citing a variety of factors putting pressure on funding markets, notably more pressure on US bank GSIB scores on stronger bank equity prices.

Current White pack (Dec 20-Sep 21):

  • Dec 20 -0.015 at 99.745
  • Mar 21 steady at 99.780
  • Jun 21 -0.005 at 99.780
  • Sep 21 -0.005 C 99.780
  • Red Pack (Dec 21-Sep 22) steady to +0.005
  • Green Pack (Dec 22-Sep 23) +0.005 to +0.010
  • Blue Pack (Dec 23-Sep 24) +0.015 to +0.015
  • Gold Pack (Dec 24-Sep 25) +0.015 to +0.020

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