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Risk-off theme continues,........>

US EURODLR FUTURES
US EURODLR FUTURES: Risk-off theme continues, Eurodollar futures well bid/near
highs for the most part. Whites, however, mixed as they scaling back from highs
45 minutes ahead LIBOR sets. Mar- and Jun'20 apparently pricing out slight
chance of another intermeeting cut some desks have been chatting about last 12
hours (ahead next week's FOMC and second since last wk's -- first since Oct'08).
Healthy 75bps still priced in w/small chance of 100bp cut. Current White pack
(Mar'20-Dec'20):
* Mar 20 +0.037 at 99.295 vs. 99.390 high
* Jun 20 -0.025 at 99.550 vs. 99.63 high
* Sep 20 +0.015 at 99.625
* Dec 20 +0.045 at 99.615
* Red Pack (Mar 21-Dec 21) +0.050 to +0.080
* Green Pack (Mar 22-Dec 22) +0.085 to +0.090
* Blue Pack (Mar 23-Dec 23) +0.090 to +0.095
* Gold Pack (Mar 24-Dec 24) +0.095 to +0.105

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