Futures Curve Now Suggests Far Less Recovery Than Early 2009

By |2016-02-08T18:56:25-05:00February 8th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

When the June 2018 eurodollar futures price touched above 98.50 on October 2, I thought that was an impressive bid suggesting just how much negativity had survived the August liquidations. It was interrupted by some backward optimism about China’s October Golden Week, but the eurodollar curve overall with the June 2018 maturity as a specific interaction point for monetary policy [...]