Euro$ interest rate futures perked up
Euro$ interest rate futures perked up with the downdraft on market yields and damp opening in stocks. A dive in import prices and cool off on U. Michigan sentiment were euro$-friendly. There was a rash of mixed Fedspeak yesterday, which will be followed by a chat with Atlanta Fed dove Bostic, while the Fed's Monetary Policy Report shortly may provide some insight into Chairman Powell's keynote speech next week. The September 2018 contract is 1.5-ticks higher near 97.55 (2.45% implied 3-month yield), whereas the deferreds are 1.5-3.5 ticks firmer out the curve. A topside break will require a probe through 97.56 June-July highs, while 97.50 marks decent support after a break to lows of 97.475 in June.