Eurodollar futures are lower and the Eurodollar futures yield curve is steeper throughout the first two years following slightly lower than expected Q2 GDP report that included a positive revision to Q1 and the previously noted jump in PCE.
The September 2015 Treasury Bond contract captured a 7th consecutive new session high early this morning. As such, the contract is slightly stretched. There is little else that says the bullish advance might be in danger of terminating.
Greece will sell 625 million euros of three-month Treasury bills on July 15 to refinance a maturing issue, its debt agency said on Friday, its second roll over this month amid uncertainty whether banks will reopen next week.