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Market-pricing returns to yesterday's closing levels

EURIBOR
  • Markets are now closer to yesterday's close and some way off the lows of what was priced in earlier today. We are now pricing 65bp for next week's ECB meeting (from a low of 61bp this morning and back to yesterday's close), 119bp by October (day's low of 110bp; yesterday's close of 117bp) and 162bp by year-end (day's low of 153bp; yesterday's close 165bp). In one year 228bp priced (from a low of 215bp and slightly above yesterday's close of 226bp).
  • This leaves Euribor Whites and Reds flat to 1.5 ticks lower on the day but Greens are still up to 2.5 ticks higher on the day.

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