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Dec22 and March23 lowest since March 2020

SHORT-STERLING
  • Not too surprising to see the L U2 to L M3 strip the worst performing part of the strip, as Money Market and Rate traders bring forward their Rate hike expectations.
  • L U2 is now lowest since 23/03/2020.
  • L Z2, L H3 are lowest since 20/03/20.
  • On the other hand L M3 needs to break the June low at 99.34, to trade at lowest levels since 20/03/2020


Chart source: Bloomberg

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