Free Trial

Euribor Strip A Touch Lower; Limited Regional Docket Today

STIR

The Euribor strip is -0.5 to -2.5 ticks through the blues as global core FI markets sit off Tuesday's best levels.

  • ECB-dated OIS contracts price 108bps of rate cuts through 2024, comfortably within yesterday's range. Week-to-date ranges have been fairly limited amid an absence of market-moving data or ECB-speak.
  • Flash February consumer confidence headlines today's Eurozone data docket at 1500GMT/1600CET, expected at -15.5 (vs -16.1 prior).
  • Tomorrow sees the release of February flash PMIs, with the usual focus on inflation dynamics.

Meeting Date ESTR ECB-Dated OIS (%)Difference Vs. Current Effective ESTR Rate (bp)
Mar-243.903-0.8
Apr-243.812-9.9
Jun-243.599-31.2
Jul-243.412-49.9
Sep-243.196-71.5
Oct-243.021-89.0
Dec-242.833-107.8
Jan-252.688-122.3
Source: MNI/Bloomberg

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.