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SOFR/Fed Funds Exposure Rolled Via Block

STIR

The latest round of block flow appears to represent rolling of an existing SOFR/Fed Funds widener position (based on CME e-mail directional indications) from the N3 contracts into the Q3 contracts, with 2,863 lots blocked thus far.

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

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