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Strip Twist Flattens

EURIBOR

Twist flattening has been seen through the blues on the Euribor strip, with contracts in that area of the curve running 3.0bp cheaper to 1.5bp firmer.

  • The previously covered ECB speak has provided the highlight since Friday’s settlement, with hawkish comments from Lagarde & Holzmann getting the most interest.
  • Bundesbank chief Nagel sounded a little more in line with the Bank’s central, data-dependent view.
  • The widest intraday range on the contracts through the blues is 5.5bp at present, with most contracts off lows, outside of the very front end.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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