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More volumes in the front end

EURIBOR
  • Only 9.5k lots traded, but again there's elevated volumes in the front Month ERU3 in early trade, not spread related (ERU3/ERZ3).
  • The latter is quoted 6/6.5 this morning, with most of the focus on the decent 7.5 resistance level.
  • ERU3 also has the largest OI (~602k) along the strip, and will be interesting to see, what they show today, when updated, given the decent interest in spreads Yesterday.

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