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What's Up With Eurodollar Futures?

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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.

  • Bob Pisani

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

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    Senior Producer at CNBC's Breaking News Desk.

  • Dominic Chu is a markets reporter for CNBC.

  • Evelyn Cheng

    Evelyn Cheng is a markets writer for CNBC.

  • Sara Eisen

    Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.

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