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The Next Big Trade - Jeff Snider on the “Grotesquely Upside Down” Eurodollar Futures Curve

Real Vision: Finance & Investing

00:00

Is That What You Mean, That You're Already Discounting?

Uro dollar future's curve is screaming bloody murder that something is really wrong in the system. The market has been increasingly confident that what’s going to follow is not just a terminal rate height, but also, maybe fairly quickly, the fed moving into reverse and going into rate cuts. I stare at your dollars a lot, partly because i'm losing lots of money in them right now. It's against a broad range of currency; it's on ureauas it closes on paroty. You know, you're among, you're a very small minority of people who think it's good to meet me. But we'll fix eell, fix or then.

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