Eurodollar futures

Quiet overnight session, punctuated by a familiar block trade, leads to a muted day session. Futures moved steadily lower throughout the morning before closing near mid-range.
Big overnight trade in the EDU0. Best guess is that it’s a cover of some sort, as there hasn’t been a lot of 82 put buying recently, and certainly not much call selling! Open interest will give us a better idea tomorrow,
Interest Rate option trades we are monitoring today. This structure caught our attention, as being an interesting value trade that was being executed.
Futures traded in a tight range, 4-5 ticks for most contracts. With no real economic news and geopolitical noise on hold, the day session was mostly quiet as traders look ahead to tomorrow’s NFP release.
Futures experienced big ranges as the situation in the Middle East escalated overnight. Huge ranges, especially in Reds & Greens with many contracts experiencing 18 tick swings.
Rates markets shrugged off a better than expected ISM Non-Manufacturing number as the focus remains on geopolitical issues and the upcoming NFP number on Friday.
The first “real” trading day was met with little enthusiasm. Futures trade in a 5-6 tick range for most contracts. No real economic news as markets continue to monitor the situation in the Middle East and look forward to unemployment numbers at the end of the week.
After touching session highs before the pit open, we saw a very orderly drift down in futures. No economic news and no Twitter bombs!
Eurodollar option trades we are monitoring today. This structure caught our attention, as being an interesting value trade that was being executed.
A slow overnight led to an equally uninspiring day session. Strong housing numbers edged futures lower. Most contracts had a 3.5-4.5 tick range.