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Moving off the Friday/overnight highs

EGBS
  • Both the Euribor strip Schatz have moved lower this morning. Yields on Schatz have increased 3.0bp this morning, with 10y Bund yields up 2.3bp. The Euribor strip is showing up as little changed on the day, but only because of the closing time on Friday.
  • Indeed, the lack of move in the Euribor strip has overnight seen moves more consistent with the Eurodollar strip overnight - with the latter seeing Whites/Reds/Greens down 4.5-6.5 ticks.

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