Monday, December 10, 2018
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non-synthetic futures and option strategies

dip-buying lift eurodollar futures from lows

(9:10 et)--- a sign of bullish 'buy-the-dips' mentality, eurodollar futures rebound from session lows. risk-on trade occurring as there's increased likelihood of the imf and eu giving greece its next round of aid without a debt restructuring. december 2012 eurodollars were recently down 2.5 basis point at 98.83; it was down 4.5 at the contract's worst. the one-year calendar spreads expand a little, meaning the market sees short-term rates rising at somewhat faster pace. september 2012 contract prices in a rate 57bp higher than that for september 2011, up from 55 friday.

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