Euribor sees most of the front Month Volume related to ESTR/ERZ5 spreads today, helps explain the better elevated Volume in the Front Month.
The spread has traded in close to 30k Total, the printed low of 11.50 was also its lowest level in nearly three Months, since 30th June, but now trades at 11.75.
FED FUNDS FUTURES: Volume Sale Sep'25 FF
Sep-23 13:06
-90,000 FFU5 95.7775 (+0.00) last few minutes, total volume just under 250k.
The lead Sep'25 quarterly contract expires September 30