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EURIBOR: Shorter end leads Bonds lower

EURIBOR
BundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • Euribor strip is seeing some selling here, ERH5 is sold in over 5k, but volumes are still on the lower side in STIRs, with most desks awaiting the US data.
  • Regardless, the strip is edging through new intraday lows, and Bund is now sold in 5k, and the shorter end leads, Schatz and Bobl keep the curves bear flatter.
  • As noted earlier for Bund, next support for the contract in Yield terms, comes at 134.13 today, would equate to 2.20%.
  • While pure Technical, sees 134.31/133.99 Low Sep 27 / 50-day EMA.
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  • Euribor strip is seeing some selling here, ERH5 is sold in over 5k, but volumes are still on the lower side in STIRs, with most desks awaiting the US data.
  • Regardless, the strip is edging through new intraday lows, and Bund is now sold in 5k, and the shorter end leads, Schatz and Bobl keep the curves bear flatter.
  • As noted earlier for Bund, next support for the contract in Yield terms, comes at 134.13 today, would equate to 2.20%.
  • While pure Technical, sees 134.31/133.99 Low Sep 27 / 50-day EMA.