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J.P.Morgan push their 3-Month LIBOR Call Lower

LIBOR

VIEW: Friday saw J.P.Morgan note that "banks remain flush with deposits
while non-financial issuers hold plenty of cash on hand, suggesting that
Commercial Paper supply should stay constrained. Meanwhile, net T-bill
issuance should remain negative in the weeks ahead through the end of
August. These supply dynamics, combined with seasonally higher MMF
balances, should push LIBOR down to 0.20% by the end 3Q and 0.25%
by the end of 4Q."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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