The risk of failure at this Fridays EU summit were a bit more on traders minds in today's session. There was noticably more activity in Eurodollar options this morning. I suspect this trend will continue tomorrow.
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From today's accutic plus report:
With the ratings agencies weighing in and applying additional (probably unnecessary) pressure – and kind of blow up and concerns raised - that the EU is doomed would likely see funding problems flare up significantly. Players list below shows some trades – especially in the more deferred months.
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