Thursday, September 20, 2018
Text size

non-synthetic futures and option strategies

eurodollar futures up amid greek debt worries

(9:34 et) eurodollar futures are mostly higher, but off early morning pre-opening highs, as the market grapples with unknowns about a further bailout for debt-saddled greece and as the new york fed's manufacturing index showed a sharply slower pace of growth. december 2012 eurodollars were recently 3.5 basis points higher at 98.68, having been up 5.5 earlier. the nearest 1-year calendar spread tightens, meaning the market sees short-term rates rising at a slower clip. the june 2012 contract recently priced in a rate 48.7bp above that for june 2011, down from 51 friday.

Login to the Contributor Network