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Holding Off Post-Data Lows

US EURODLR FUTURES
  • Eurodollars have broadly plateaued over the past hour, having broadly moved lower today but still off post-data lows, e.g. EDZ3 seen 95.42 (-0.035) off low of 95.39.
  • Largest declines on the day have been seen across white and red packs (barring -0.015 for the front EDH3), resulting in little change in 2023 inversion with EDM3/EDZ3 at -0.49, closing in a range of -0.48 to -0.54 since the Dec 14 FOMC.


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