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Just worth flagging that EDZ9....>

US EURODLR FUTURES: Just worth flagging that EDZ9 continues to hold lower vs.
the rest of the strip, last -1.5 ticks vs. unchanged to +3.5 ticks through the
remainder of the whites & reds.
- Comes on the back of yesterday's well documented shunt in funding, with the
spike higher in repo drawing the headlines. Some have attributed the spike to
tax payments, coupon settlements and the associated reserve drains, but others
have been pointing to a structural $ funding storm for some time.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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