More Interesting Moves

below is the interest rate Change in today’s Eurodollars contracts,(Lower prices ) What do you find strange about this? The Front month Contracts all trading lower indicating higher rates?? whereas deferred months showing lower rates what you would expect if U.S and World Economy is moving towards A recession. Why are front Month EDs moving lower?

…This is why the Fra-OIS spread continues to move higher showing more credit worries.Eurodollars have turned towards Credit worries and away From Pricing Fed moves.

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