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*** It is a striking move!........>

FED FUNDS FUTURES
FED FUNDS FUTURES: *** It is a striking move! FFF'1 pricing in negative rate for
early 2021 as FFF1 surged 0.020 last few minutes to 100.005 high, heavy volume
over 54k before sector slips back to 99.995. FF Feb'21 through Sep'21 all
trading between 100.00-100.005 on more typical light volumes <5k. Negative rate
insurance anomaly? Widely placed opinion that negative rates still not expected
by trading desks.

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