January 03, 2025 07:36 GMT
STIR: A Little Over 110bp Of ECB Cuts Priced Through '25, Lane Due Later
STIR
ECB-dated OIS little changed vs. yesterday’s closing levels.
- 28bp of cuts showing for later this month, 58.5bp priced through March, 95.5bp priced through June and 112.5bp of cuts showing through year-end.
- Euribor futures flat to -2.5 as Bunds slip in early European trade.
- ECB chief economist Lane will appear on a panel focused on “geopolitical fragmentation” this afternoon.
- U.S. ISM manufacturing data headlines the macro data calendar.
ECB Meeting |
€STR ECB-Dated OIS (%)
Difference Vs. Current Effective €STR Rate (bp)
Jan-25
2.641
-27.9
Mar-25
2.335
-58.5
Apr-25
2.107
-81.3
Jun-25
1.966
-95.4
Jul-25
1.911
-100.9
Sep-25
1.848
-107.3
Oct-25
1.816
-110.5
Dec-25
1.793
-112.7
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