Patient Is No Virtue in Eurodollar Futures: Chart of the Day
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Speculators using the world’s most actively traded money-market futures are positioning for the Federal Reserve to set the stage for higher interest rates.
The CHART OF THE DAY shows hedge-fund managers and other large speculators have a net short wager on Eurodollar futures for the first time since mid-December. Net short positions profit from declines in prices, which reflect higher interest rates.