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What's Up With Eurodollar Futures?

CNBC's Rick Santelli just reported that 100,000 Eurodollar front March futures contracts were sold this morning.

That is the largest trade that he can remember in his 31 years in the pits. (The contracts represent the 3-month rate that converges to Libor.)

Santelli reports this is something to pay attention to especially since it coincides with heightened borrowing by banks from the European Central Bank in the last two days, which some traders say is a potential sign of funding issues.

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.