Interest Rate Curves Obliterated... Market Update + RVDB Q&A Harry Melandri and Maggie Lake
What a move in the short-term interest rate space. The Eurodollar Dec 23/24 calendar spread dropped by the most I've seen since there were big interest rate shifts.
Take a peek at how much the German 10-year Bund future moved in the last 48 hours. These moves are really pushing the VaR desks limits, one would imagine.