June 04, 2024 08:15 GMT
SFRZ4/Z5 Lifted
STIR
Recent trade in SFRZ4/Z5 saw paper pay -80.5 on 4K. That spread sits 13bp more inverted than last Wednesday’s closing levels but hasn’t threatened year-to-date lows of -87.0.
Fig. 1: SFRZ4/Z5 Spread
Source: MNI - Market News/Bloomberg
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