Forex News US rate futures are continuing to have a downbeat day, sliding further after 20-yr TIPS reopening. Quarterly Eurodollar futures down by as much as 12BP. For Tsy futures, Sep 30-yr bonds are under the most pressure, heading toward the 4.75% cash yield equivalent at 112-15, recently down 21+/32 at 113-28. Fed funds futures also weaker. Near-term Aug. contract little changed, but Nov. is showing odds for end-Oct. 2.25% rate at 94% vs. 74% at the day's highest price.
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