Traders Reverse Net Short Positions On Yield CurveMark Melin
As October volatility reached high levels, speculative traders in December covered half their short positions in Eurodollars last week, according to a Royal Bank of Scotland analysis and the Commodity Futures Trading Commission Commitment of Traders report.
Eurodollars had been dropping in value on a short term basis after topping out near October 8 at 99.7685. The price dropped to a near term low of 99.75380 on November 17 and have . . .
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