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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (42274)	12/16/2000 11:46:09 AM
From: virtualsignal	Read Replies (2) \| Respond to of 44573

Hi Chip, The Feb FedFunds contract is pricing in more than 25 bps worth of easing by the 1/31 mtg. The April FFs contract is pricing in more than 50 bps of easing by the 3/20 mtg. The 3 month T-bill yield is about 50 bps below the FFs target and 3 month cash LIBOR is at parity to the FFs target. Typically, the 3 month T-bill yields 25 bps below the FFs target and 3 month LIBOR yields 25 bps over the FFs target. Theses mkts suggest that the Fed will cut rates sooner rather than later. _________________________________ Well, no Loon this weekend, instead I'm going to PatsPeak with my daughter and her friend tomorrow. Think I'll just do the morning session, that is, if the weather cooperates. Enjoy the weekend :)