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Euribor A Little Lower, ECB Pricing Still Shows Over 160bp Of '24 Cuts

STIR

The post-Euribor settlement/overnight downtick in Bunds leaves Euribor futures running flat to -3.5 through the blues.

  • ECB-dated OIS pricing covering '24 meetings is little changed, showing ~161bp of cuts through the year.
  • Lower tier regional data is slated through today, with no scheduled ECB speak noted.
ECB Meeting€STR ECB-Dated OIS (%)Difference Vs. Current Effective €STR Rate (bp)
Jan-243.890-0.9
Mar-243.775-12.4
Apr-243.545-35.4
Jun-243.214-68.5
Jul-242.904-99.5
Sep-242.656-124.3
Oct-242.463-143.6
Dec-242.285-161.4
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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