Tuesday, April 10, 2007

Back in the Dec '07 Eurodollar after recent falls

Just paid 94.965 in £100/bp of Dec '07 Eurodollar. One rate cut this year looks like the breakeven now, at some point this year I'm sure the markets will get jittery over potential rate cuts again...this contract traded as high as 95.28 recently (although seemed overly aggressive at the time, hence why I sold my previous long around 95.22).
You have to own this.


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