Weekly Update: Positive trade....>

US EURODLR FUTURES: Weekly Update: Positive trade headlines bereft of substance

distracted from impeachment inquiry transcripts this week, triggering strong

appetite for risk. Don't expect a quick resolution, however, as China "Won't

Cede On Key Trade Issues" as MNI reported Monday.

- The bloom apparently still not off the better than expected NFP jobs rose from

last Friday as the week kicked off with a risk-on tone (current week's data and

Fed speak did little to dissuade markets) as equities managed to continue to

extend new all-time highs into Thu (ESZ9 3096.50) and Tsy ylds surged (10YY

1.9713% on Thu a 3M high).

- Taking cues from strong stocks, higher ylds and steeper yld curves, rate cut

expectations for year end have repriced from mid-30% late last week to low

single digits on the week.

- For the week: lead EDZ9 futures receded 0.015 to 98.085, while EDH0 through

EDU0 fell 0.065-0.120; Reds (EDZ0-EDU1) -0.135-0.185 lower, while Greens through

Golds (EDZ1-EDU4) fell 0.195-0.235 lower.