Forex News US interest rate futures climbed their way back from early losses Monday, settling unchanged to higher with stocks softer. Early Monday, the market had been weaker as stocks gained after a better-than-forecast Bank of America earnings report. Near-term fed funds futures were steady at settlement, with investors still seeing no rate move at the Aug. FOMC. Longer-term Nov. contract ticked lower, showing odds for a 25BP rate rise end-Oct. at 82% vs. 78% Fri. At the day's low price, odds for that had been as high as 94%. Quarterly 2008-2009 Eurodollar futures unchanged to 2.5BP higher.
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