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Wider Price Action Promotes Light Steepening Of ECB-Dated OIS Strip

STIR

The previously alluded to moves in wider core-global FI, and more recently, FOMC-dated OIS, provides light steepening bias to ECB-dated OIS, with little in the way of tangible information provided by the early round of Monday ECB speak.


ECB Meeting€STR ECB-Dated OIS (%)Difference Vs. Current Effective Rate (bp)
Jun-233.386+23.5
Jul-233.587+43.6
Sep-233.689+53.8
Oct-233.691+54.0
Dec-233.666+51.5
Feb-243.581+43.0

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

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