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Upside structures are favoured

EURIBOR OPTIONS
Upside via Options continue to be favoured, playing inline with some of the flattening bias in the Euribor future strip, with desks targeting upside in H5 and M5, also expressed via Mid Curve of late.
  • ERH5 97.75/98.25/98.75c fly, bought for 5.5 in 3k.

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