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Light Steepening

EURIBOR

Euribor futures sit at/just off session lows, with Bund futures hovering just above session lows.

  • That leaves contracts on the strip running flat to 3bp softer, as the strip steepens.
  • ERZ3 saw decent two-way flow at 95.980 in Asia-Pac hours.
  • Impending ECB speak shouldn’t cover pertinent monetary policy matters, with the pre-monetary policy meeting quiet period starting today.
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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