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Better selling in the red strip

SHORT-STERLING

Continued better selling of Sterling back end, with most of the selling seen in the red, as the strip steepens.

  • L H2 just sold in 5k.
  • L Z0/L H1 spread is seeing better interest and has traded 6.6k outright. Spread is -5/-4.5 after settling at -5.5
  • L H1/L M1 has traded 28k outright, which explains some oi the elevated volumes

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