The Eurodollar curve flattened as dealers sold front month futures and bought deferred maturities on account of growing liquidity fears over in Europe.
Amid the anxiety of what might come next from the Fed, the yield curve continues its steepening bias with nearby Eurodollar futures making slim gains while deferred contracts are firmly lower midweek.
But she said considering that December futures contracts will begin to roll to deferred months in the next few weeks and the expiration of December options contracts, these two considerations could ultimately push prices higher.
The bank agreed to pay the fines to the Financial Services Authority, Commodity Futures Trading Commission and Department of Justice, entering into a deferred prosecution agreement in the U.S. related to one count of wire fraud.