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Wednesday, April 29, 2009

Eurodollar Futures See Sub -1% Libor In June

Leading up to FOMC announcement, Jun Eurodollar futuresmatches its highest level of the day, reflecting expectations for underlying3-month dollar Libor to fall below 1%.

Recently at day's high of 99.04, up 4.5BP, seeing Libor at 0.96% when contract expires June 15.

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