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Steepeners also favoured in Short end

EURIBOR

Decent volumes in the Euribor strip today, as the street continue to discount any chance of further rate cuts, and bring forward long term outlook hikes

  • Bear steepener have also been favoured, with the white strip down 0.5-1 tick, , while Red, Green, Blue, Gold move to 2-4 ticks down.
Some notable spread traded:
  • ERM1/ERZ! Traded 24k today
  • ERU1/ERU2 traded ~13k
  • ERZ1/ERH2 12k
  • ERH2/ERU2 16.5k
  • ERU2/ERH3 11k
  • ERM3/ERU3 11k
  • ERH4/ERU4 9.1k
  • ERM4/ERU4 ~13k
  • ERH3/ERH4 9k

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