Free Trial

Some questions about the sell-off in the....>

EURIBOR
EURIBOR: Some questions about the sell-off in the euribors today and the large
Dec-17 volumes today. We think that this is originating mostly in eonias. In
part, this might be down to the sudden spike higher in the eonia fixing
yesterday from -0.36% to -0.30%. It may be creating a fear that if this can
happen on a non-month end, then more spikes might need to be priced. 
- But there is also a thematic push higher in the eonias over a more medium
period. Plot a chart showing the Eonia 1Y1Y vs EUR 1Y1Y BOR based swap. It's
down to 14bp and historically it hasn't gone much lower than that.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.