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Front white strip under the most pressure

SHORT-STERLING
  • Big move in the front end short sterling (whites) with March 22 down 10 ticks,
  • Eurodollar and Euribor is more centered towards the late part of 2022, as investors price for the BoE to be the first CB to move on hikes.
  • LH2 is just off the October low for now, situated at 98.98, also the lowest print since Mat 2019

Chart source: Bloomberg

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