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Red strip more active today

EURIBOR
  • Some continued interest in buying the ERZ4/ERH5 spread after trading at its record low on the 11th October, the spread is recovering from a -18 low on that day, to -14.5 today, helps explains some of the better volumes in the red strip this morning traded in 3.9k outright today.
  • ERH4 vs Schatz TED spread, is around flat in early trade at 87.195 , after trading at its highest level since late June Yesterday.

Chart source: MNI/Bloomberg

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