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Markets briefly fully price 3.50% ECB terminal rate post Spain CPI

EURIBOR

Decent move in Euribor futures post-Spain CPI. The Jun-23 contract is now down 6.0 ticks (after moving as much as 7.5 ticks lower) while the Sep-23 contract saw a similar moving with markets briefly fully pricing in a terminal rate of 3.50% for the ECB (we are now just below this again).

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