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Little Change In ECB Pricing, With Familiar ECB Tones Seen Since Friday's Close

STIR

Familiar ECB speak re: the labour market & inflation, playing down QT speculation and highlighting initial lines of defence for the bond market during sell offs, has done little to move the market early this week.

  • That leaves the bulk of the ECB-dated OIS strip within 1bp of Friday’s closing levels, meaning that familiar pricing markers remain in play.
ECB Meeting€STR ECB-Dated OIS (%)Difference Vs. Current Effective €STR Rate (bp)
Oct-233.905+0.2
Dec-233.924+2.1
Jan-243.918+1.5
Mar-243.868-3.5
Apr-243.792-11.2
Jun-243.695-20.8
Jul-243.594-30.9
Sep-243.482-42.1
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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