May 17, 2024 07:55 GMT
Some elevated volumes in the front Month
EURIBOR
- Some elevated volume in the front Euribor for this time of the day, especially the front 2.
- ERM4 is sold in 5k, but still trades in a tight 1.5 tick range, with mostly outright flows and no block trade.
- There's been some small buying interest of the June/Sep and June/Dec spread, but only trading for 2.7k and 2.2k respectively outright.
- The strip leans steeper, with similar price action in Govies, as the longer end 30yr Buxl leads futures lower in early trade.
- German 5/30s sees resistance at 12.44, May's high.
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