Free Trial

Euribor Strip A Touch Softer; Cross Market Events Main Focus

STIR

Euribor futures are +0.5 to -1.5 through the blues, with core global bond markets a little softer on the day.

  • BoJ hike speculation has dominated overnight.
  • ECB-dated OIS remain within recent ranges, with 95bps of cuts priced through '24 after yesterday’s rally in bonds.
  • Today's regional calendar is light, but cross-market focus will be on the UK budget (1230GMT/1330CET), US JOLTS/ADP data and the BoC decision.

Meeting Date ESTR ECB-Dated OIS (%)Difference Vs. Current Effective ESTR Rate (bp)
Mar-243.903-0.8
Apr-243.862-4.9
Jun-243.677-23.4
Jul-243.519-39.2
Sep-243.309-60.2
Oct-243.144-76.7
Dec-242.964-94.7
Jan-252.829-108.2
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.