Futures higher !!!!

Interest Rate futures were higher this morning in all countries. This seems to be a result of profit warnings from IBM and Sun Microsystems yesterday. The market seems to be sniffing out a slowdown before it appears in the numbers. I took profit on my Euribors this morning.

I will be looking to reenter the June 05 if we get back down to 97.75. Otherwise I will be sitting out of those. In the Dollar I think it is way to strong. I am short and looking for it to weaken specifically against Europe. Good Luck !