Weekly Update: Headline risk.....>

US EURODLR FUTURES: Weekly Update: Headline risk wagged markets in lead-up to

Wed's FOMC. Mild risk-on Monday, rates eased on headlines that the EU agreed to

Jan 31 Brexit extension as well as DC officials expecting US/China phase 1 deal

in Nov. Quiet consolidation Tue as China cast doubt on deal, position squaring

ahead FOMC. Rates rallied after Fed delivered "hawkish" cut Wed, telegraphing

another cut unlikely. Reds-Golds gained on Fed chair comment: not seeing

significant upward inflation. Rates surged higher Thu, kicked off on early

headlines that China officials doubt long-term (phase 2) deal w/US; again after

Chicago PMI fell 3.9 to 43.2 in Oct, lowest since Dec'15. Fri's stronger than

exp Oct NFP (+128k vs. +85k est) saw rates gap lower, reversing half Thu's

rally. W/Fed out of blackout, Dallas Fed Pres Kaplan said current mon/pol

"basically appropriate" and "strongly advocates remaining patient".

- For the week: Taking the current Friday session into account, lead EDZ9

futures only gained 0.005 to 98.095, while EDH0 through EDU0 climbed

0.035-0.070; Reds (EDZ0-EDU1) +0.080-0.085 higher, Greens through Golds

(EDZ1-EDU4) 0.090-0.105 higher.