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Post-LIBOR Settle Update, 3M Inches Higher

US EURODLR FUTURES
Lead quarterly EDH2 holding steady after latest 3M LIBOR set' inches higher by +0.00071 to 0.23914% (+0.00300/wk) after slipping off one-year high Wednesday.
  • Levels trading modestly weaker out the strip on light volumes, EDZ2 leads with only 35k at the moment as markets continue to adjust to tighter policy guidance -- StL Fed Bullard said he sees four hikes in 2022 in WSJ interview late Wed spurred sell-off at the bell.
  • On/Off inversion continues in Green Dec'24 futures vs. much of the Blue pack (EDH5-EDZ5) as mkts price in uncertainty over policy overshoot.

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