May 28, 2024 06:46 GMT
STIR: Euribor Futures Little Changed With Focus On German Inflation Tomorrow
STIR
Euribor futures are little changed through the blues, while ECB-dated OIS shows 62bps of ’24 cuts (in line with yesterday afternoon's levels).
- Regional focus remains on the May flash inflation round, which begins tomorrow with data from Germany. MNI’s full inflation preview will be released later today.
- Today’s regional calendar is light, with ECB consumer inflation expectations due at 0900BST.
- Overnight, ECB Executive Board member Schnabel spoke on the benefits and costs of asset purchases. Full speech link here: https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240528~a4f151497d.en.html
- ECB’s Centeno and Knot are scheduled to speak later today.
Meeting Date | ESTR ECB-Dated OIS (%) | Difference Vs. Current Effective ESTR Rate (bp) |
Jun-24 | 3.678 | -23.3 |
Jul-24 | 3.647 | -26.4 |
Sep-24 | 3.483 | -42.8 |
Oct-24 | 3.423 | -48.8 |
Dec-24 | 3.295 | -61.6 |
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