Forex News Fed's Beige Book doesn't do much to generate price movement on futures across yield curve. Long-end Sep 30-yr and 10-yr Tsy note contracts remain lower and within day's trading range. Quarterly Eurodollar futures also lower, with Mar through Sep '09 contracts down by as much as 9.5 BP. Short-dated Aug fed-funds futures continue to price in only about 10% chance for FOMC to tighten to 2.25%, from current 2% yield. Nov still fully priced for 25 BP hike by Oct. 28-29 FOMC, with about 12% chance for further tightening to 2.25%.
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