Free Trial

EURIBOR: ERZ4/ERH5 is eyeing the record low

EURIBOR
  • Some notable early Volume in the front Euribor (ERZ4) despite the US out for Thanks Giving, no block trades, mostly outright flows as well as some Flattening bias.
  • ERZ4 has fully reversed last Friday's big rally led by the fall in European PMIs, ERZ4/ERH5 has traded in 13.7k spread outright, and desks will again be watching the record printed low at -62 achieved on the 14th November.
66 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Some notable early Volume in the front Euribor (ERZ4) despite the US out for Thanks Giving, no block trades, mostly outright flows as well as some Flattening bias.
  • ERZ4 has fully reversed last Friday's big rally led by the fall in European PMIs, ERZ4/ERH5 has traded in 13.7k spread outright, and desks will again be watching the record printed low at -62 achieved on the 14th November.