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Lead Quarterly Gaps Lower On Fed Bostic Comments

US EURODLR FUTURES
  • Lead quarterly EDU2 futures gap lower, well past earlier CPI session lows to 96.35 (-33.5) after Atlanta Fed Bostic comments of "concerning" CPI while, "everything is in play" the Fed is "not wedded to any specific course of Fed action".
  • Looks like 100bp at the end of the month looking more likely. Note, Fed goes into media blackout at midnight Friday -- going to hear more pop-up comments from Fed speakers by then.

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