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Post-LIBOR Settle Update

US EURODLR FUTURES
Lead quarterly EDH2 adds to overnight gains following latest 3M LIBOR set: -0.00115 to 0.25771% (+0.01642/wk), first decline since Jan 12.
  • Despite the bounce in Whites, futures still largely pricing in four .25bps quarterly hikes starting in March.
  • Reds-Golds (EDH3EDZ6), meanwhile, are trading higher (+0.030-0.045) but well off early overnight highs. Policy uncertainty inflection point remains at Green Dec'24 -- inverted vs. Blue Mar'25 through Blue Sep'25.

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