eurodollar futures curve

7 min read 2021-12-04 08:03:46

Euro$ Futures: There Be Landmines

This wasn’t meant to be a running tally. In fact, that was my major point in yesterday’s curve inversion missive; the thing inverted, it stayed

4 min read 2021-12-03 07:48:44

So, the eurodollar curve has inverted. Bad news. Now what? While this is a major milestone in the monetary system’s decidedly anti-inflation/growth

10 min read 2021-12-02 06:24:35

Stop me if you’ve heard this before: dollar up for reasons no one can explain; yield curve flattening dramatically resisting the BOND ROUT!!!

6 min read 2021-03-31 07:25:14

Eurodollar futures are derivative, cash-settled contracts linked to 3-month LIBOR (forget about SOFR and the official hatred of this offshore dollar

5 min read 2020-08-12 06:32:51

Back in July 2018, even before, we began hearing (constantly) about how the yield curve and especially the 10-year note was no longer a reliable

7 min read 2020-07-22 03:51:22

To hear it told nowadays, you’d think that gold’s amazing run began when Jay Powell started cranking out bank reserves. Those telling the story

5 min read 2020-06-26 06:22:15

Back in the middle of 2018, this kind of thing was at least straight forward and intuitive. If there was any confusion, it wasn’t related to the

5 min read 2020-04-21 06:31:48

It seemed like an odd, counterintuitive market reaction to what was total chaos. First the news of Lehman Brothers followed closely by AIG, panic

6 min read 2020-03-18 06:47:28

Is it over? That’s the question everyone is asking about both major crises, the answer is more obvious for only the one. As it pertains to the

4 min read 2020-02-22 06:41:17

We certainly don’t have a crystal ball at the ready, and we can’t predict the future. The best we might hope is to entertain reasonable

4 min read 2019-06-04 05:08:37

The fact that the mainstream isn’t taking this all very seriously isn’t anything new. But how serious are things really? That’s pretty much the

3 min read 2019-06-03 23:18:46

When the eurodollar futures curve first inverted a year ago in the wake of May 29, 2018, it was the market beginning to hedge against serious and

7 min read 2019-05-29 03:51:44

Tomorrow will be one year since the global monetary system broke. Or, for the sake of accuracy, broke again this for the fourth time. There had been

3 min read 2019-05-25 03:44:54

In Europe, the ECB’s minutes for its April 2019 meeting claimed: Financial market developments, which were typically more forward looking, were

4 min read 2019-05-14 05:59:59

People have started to look back fondly upon the Asian flu. It was as global disaster, a dollar shortage which spread all across mostly Asia but not