Free Trial

No Reaction To Latest TLTRO Voluntary Repayments

EURIBOR

The latest voluntary round of TLRO repayments summed to EUR29.5bn, which will be made in addition to the impending round of EUR477bn of TLTRO repayments due at the end of this month.

  • A quick reminder that ECB President Lagarde played down any worry surrounding the sizable impending repayment yesterday, after earlier speculation surrounding the potential for a bridging loan-type facility faded.
  • Today’s voluntary repayments were probably a little softer than market expected (Commerzbank had earmarked EUR35bn), with nothing in the way of meaningful movements noted on the Euribor strip after the announcement was made.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.