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Strip Flatter, Off Best Levels As Bonds Fade Early Bid


Euribor futures are off early highs, alongside a pull back from best levels in bond futures.

  • That leaves contracts running 0.5-3.5bp firmer through the blues, with a light flattening bias intact.
  • The daily Euribor fixings had no tangible impact on the strip, leaving EGB moves at the fore.
  • Acting ECB Governing Council member Valimaki underscored the data-dependent nature of the Bank’s September meeting.
  • Looking ahead, German states open the monthly run of tier 1 preliminary CPI readings tomorrow, before the Eurozone data crosses on Thursday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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