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FRA/OIS Increases Intra-Session But Holds Day’s Decline

US
  • FRA/OIS (1st roll) has nudged 1.5-2bps higher in the past hour to 35-35.5bps and is further off early session lows of 30.7bps, but nevertheless is down from 40bps yesterday and remains close to the lowest levels since spiking from 10bps to almost 70bps on Mar 13.
  • It comes as a two-day meeting of major bank CEOs is underway in Washington, with a discussion of First Republic on the agenda with the bank examining how it can downsize if its attempts to raise new capital fail according to two people familiar with the matter per Reuters.



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  • FRA/OIS (1st roll) has nudged 1.5-2bps higher in the past hour to 35-35.5bps and is further off early session lows of 30.7bps, but nevertheless is down from 40bps yesterday and remains close to the lowest levels since spiking from 10bps to almost 70bps on Mar 13.
  • It comes as a two-day meeting of major bank CEOs is underway in Washington, with a discussion of First Republic on the agenda with the bank examining how it can downsize if its attempts to raise new capital fail according to two people familiar with the matter per Reuters.



Keep reading...Show less