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EURIBOR RECAP/NY OPEN (1/2): EGB and.......>

EURIBOR
EURIBOR: EURIBOR RECAP/NY OPEN (1/2): 
EGB and Euribor have generally been within ranges during the London morning
session. BUT...
Most of the chatter and focus was on the HUGE move in ERZ0 and ERH1. ERZ0 and
ERH1 move yesterday. 7 big ticks from 100.565 to 100.645 in ERZ0 and 3 ticks
from 100.535 down to 100.505.
The spread blew up, but without the same scale move in both maturities. Some
focus at 12.30BST/07.30ET when we'll know about the state of Open Interest.
Most desk suggested potential "Fat finger". But speaking to a few contacts, it
looked like ICE received no call for order to be halted. So, the trade could
well have been an Algo type unwind/stop in thin liquidity.

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