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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

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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

Keep reading...Show less