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Weekly Update: For the second....>

US EURODLR FUTURES
US EURODLR FUTURES: Weekly Update: For the second consecutive week Brexit
related headlines held FI market focus over event risk tied to the impeachment
inquiry of Pres Trump, US/China trade and global growth. 3M Eurodollar futures
held a narrow range for much of the week amid a dearth of substantive data while
the Fed remains in media blackout ahead next week's policy annc. 
- Net changes below do appear at odds with the range-trade week -- declines
triggered midday Friday due to positive sounding headlines on US/China trade
where WH officials communicated Phase I deal may "possible" sometime in
November. Equity futures climbed to the best levels since late July.
- Trade volumes remained thin Friday while White through Red Eurodollar futures
(EDZ9-ED1) lead the strip lower. Despite lead quarterly EDZ9 futures decline,
the probability for a rate cut at next week's FOMC climber to 90%.
- For the week: lead EDZ9 futures declined 0.040 to 98.090, while EDH0 through
EDU0 declined 0.055-0.060; Reds (EDZ0-EDU1) -0.060-0.055 lower, Greens through
Golds (EDZ1-EDU4) 0.040-0.055 lower.

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