November 28, 2024 11:06 GMT
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.
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