The Eurodollar futures strip.....>

US EURODLR FUTURES: The Eurodollar futures strip has edged higher this week.

This leaves most contracts within a couple of basis points of February highs.

- Volumes were very light on Monday with the US holiday and Tuesday saw a

risk-off move push the Eurodollar strip higher. Wednesday saw a quieter session

in spite of the release of the FOMC Minutes, with the strip hitting its highs of

the week just before the release of the Minutes.

- Overnight Wed/Thurs during the Asian session headlines that the US and China

were drafting memorandums of understanding regarding a trade deal saw a sharp

drop in Eurodollar futures. Through the rest of Thursday and through the

European morning session on Friday Eurodollar futures traded sideways before

catching up with a rally in short sterling and Euribor futures as North America

entered the office on Friday. There seems to be confusion in the market about

the Friday NA morning rally with participants pointing to a variety of position

squaring ahead of the weekend and a reversal of overoptimistic positions cited.

- Whites (H9-Z9) are 3-5 ticks higher on the week with Reds, Greens and Blues

(H0-Z2) all 4-5 ticks higher.