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ERZ5/ERH6 spread buyer

  • A small notable jump in the back end Euribor strip and especially in the December 2025.
  • There's some early interest in buying the ERZ5/ERH6, now trading at 3.
  • This level has been tested this week, and is the December high, and also a level not broken since October 2022.

Chart source: MNI/Bloomberg.

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