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Nordea Look To Fade Early '24 ECB Dovish Price Swing Via FRAs

STIR

Nordea write “a few more low inflation and weaker labour market prints are required for current ECB market pricing to be realised. As a short-term tactical bet, we suggest paying Mar IMM 3m FRA around 3.65%. Around 40bp of rate cuts through April is a lot.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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