October 05, 2022 16:55 GMT
US EURODLR FUTURES
- EDs are off session lows to limit the reaction to the ISM services beat to just 1.5-3 ticks lower across white to green packs.
- It keeps to a relatively narrow range for EDZ2 (currently -0.02) but with increasingly large declines thereafter (EDZ3 -0.11, EDZ4 -0.145) as 2023 rates and beyond recalibrate higher again. Peak yields seen in EDH3 with EDH3/EDZ3 rising 7.5 ticks to -0.30.
- Daly earlier noted the aim to hike rates and hold whilst not seeing a rate cut in 2023, whilst another ’24 voter in Bostic discusses inflation at 1600ET before a heavier speaking schedule tomorrow including Governors Cook and Waller.