November 18, 2024 08:59 GMT
BUNDS: /SWAPS: Tightening Bias Intact
BUNDS
Swap spread tightening noted again this morning, keeping the major 3-month Euribor ASW spreads within touching distance of cycle lows.
- Spreads ~1bp tighter across the curve.
- Focus on medium-term narrowing drivers and risks surrounding looser German fiscal policy continue to limit any widening episodes.
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