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A quick note on the Front end

EURIBOR
  • A quick side note, looking at the ERU3, it is having a much quieter start, following two really impressive sessions in terms of range and volumes.
  • Looking at OI, and this will talk about Wednesday's flow, Open Interest has only fallen by just 6798 contracts, from 602,040 to 595,242 Yesterday, still would suggest some taking off ECB rate hike view for Sep.
  • We will see, what OI does when it is updated for Yesterday's flow later today.

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