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Large Short End Positioning

US EURODLR FUTURES
over -80,000 EDM2/EDU2 (Jun/Red Sep'22) spds sold at +0.090 to 0.085 last few minutes.
  • Traders note that Reds (EDU2-EDM3) and Greens (EDU3-EDM4) were trading higher pre-Fed chair comments on rate hike positioning -- are scaling back gains with Greens-Blues (EDU3-EDM5) outperforming on unwinds of hike positioning in general. "Market now feels caught" one desk offered.

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