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STIR: Euribor Futures Dip Briefly Around German CPI, 59bps of ECB Cuts Priced

STIR

Euribor futures dipped lower before stabilising as German May flash HICP printed a tenth higher than consensus at 2.8% Y/Y (vs 2.4% prior). Contracts are flat to -6.5 through the blues at typing.

•              ERZ4 did not test today’s low 96.595 around the data, currently -3.0 ticks at 96.605.

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Euribor futures dipped lower before stabilising as German May flash HICP printed a tenth higher than consensus at 2.8% Y/Y (vs 2.4% prior). Contracts are flat to -6.5 through the blues at typing.

•              ERZ4 did not test today’s low 96.595 around the data, currently -3.0 ticks at 96.605.

Keep reading...Show less