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Sources citing recent comment.....>

FED FUNDS FUTURES
FED FUNDS FUTURES: Sources citing recent comment from Kevin Hassett, Trump
senior eco-advisor, that the "Fed may not need to do more with Interest rates"
for selling in Jun20-Dec21 Fed funds futures -- FFM1 down to 100.00 (-0.015),
while FFN1-FFH2 trading 100.010-100.025, albeit on very light volumes. 
- Not necessarily mutually exclusive, but FF futures through 2021 surged wel
above 100.00 on May 7 for a variety of reasons: negative rate speculation/hedge
and/or combination of short squeeze/position unwinds by dealers vs. bank
portfolios. 
- Whatever the reason, it is modestly ironic given the amount of headlines over
the weekend that the BoE is considering negative rates (Haldane, Telegraph). 

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