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1y ahead ECB pricing 7bp lower on the day after French HICP

EURIBOR
  • Euribor futures continue their move higher following French HICP being two tenths softer than expected. ECB pricing now down to 64bp for next week's meeting (from yesterday's close of 66bp) with 161bp priced by year-end (from yesterday's close of 163bp) and 228bp in one year (from yesterday's close of 235bp).
  • Euribor Mar-23 is the biggest mover on the strip, up 7.0 ticks with most of the rest of the strip 4-6 ticks higher on the day.

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