The Inversion of the Euro Dollar Futures Curve

The euro dollar futures curve should be upward sloping All the way from the front to back. So here we have it only upward sloping at the front Which is the market hedged against some bad scenario and not just hedged That nobody else is taking the other side of this. The fact that it's upside down at all is a big warning, even bigger than one hike because it's a 25 basis point increase.