The unexpected hawkish vibe from the Fed has the once-exciting, now subdued Eurodollar market...

|By:, SA News Editor

The unexpected hawkish vibe from the Fed has the once-exciting, now subdued Eurodollar market stirring, with the Dec 14 contract off 4 points and the Dec 15 contract off 7. Currently trading at 99.00, the Dec 15 contract is pricing in a Fed Funds rate roughly 75 basis points higher than it stands today.