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SWAPS/SWAPTIONS: BofA: EUR Vol. Lower As Policy Shift Approaches

EGBS

Bank of America write “the dominant driver for the vol. dynamic has been expectations for a June ECB cut and the collapse of the near-tern uncertainty.”

“The term structure continues to trade steep consistent with relatively low near-term uncertainty.”

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Bank of America write “the dominant driver for the vol. dynamic has been expectations for a June ECB cut and the collapse of the near-tern uncertainty.”

“The term structure continues to trade steep consistent with relatively low near-term uncertainty.”

Keep reading...Show less