MNI: BOWMAN: UPSIDE RISKS TO INFLATION REMAIN PROMINENT

MNI: BOWMAN: MEASURED CUTS WOULD AVOID REIGNITING INFLATION

MNI: FED GOV BOWMAN WANTS MORE MEASURED APPROACH TO RATE CUTS

MNI BRIEF: Market Reaction On Fiscal 'Exaggerated'-BCB Campos

MNI CNB WATCH: 25bps Cut Seen As Fine-Tuning Continues

MNI BRIEF: BCB Gradual Hike To Monitor Data - Minutes

MNI: US CONF BOARD CONSUMER CONFIDENCE 98.7 IN SEP V AUG 105.6

Economic Data Calendar

MNI:US JUL FHFA HPI SA +0.1% V +0.0% JUN; +4.5% Y/Y

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Flatteners is standout trade in Euribor

EURIBOR
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The standout Rate trades in the Euribor is still the clear interest in Flatteners, especially selling the ERZ4, discounting further ECB cut into Year end after Tomorrow's cut, while adding more Dovish play into the Red/Green strip.
  • ERZ4 calendar spread vs the strip all the way to H7, continues to make record spread lows.
  • This trade has also been expressed via Option, with upside structures targeting the H5/M5 as well as some mid curve play, via call spreads and Call flies.

Chart source: MNI/Bloomberg.

92 words

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.
  • The standout Rate trades in the Euribor is still the clear interest in Flatteners, especially selling the ERZ4, discounting further ECB cut into Year end after Tomorrow's cut, while adding more Dovish play into the Red/Green strip.
  • ERZ4 calendar spread vs the strip all the way to H7, continues to make record spread lows.
  • This trade has also been expressed via Option, with upside structures targeting the H5/M5 as well as some mid curve play, via call spreads and Call flies.

Chart source: MNI/Bloomberg.