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/SWAPS/STIR: Rabobank Prefer ASW Tighteners Into ECB Framework Update

EGBS

Ahead of today’s ECB operational framework update Rabobank favour “being positioned for a further tightening in short-dated German swap spreads as risks are skewed towards a smaller-than-expected bond portfolio. Meanwhile, we believe the widely anticipated demand-driven framework should have a much smaller impact on Euribor/OIS.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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