• ERM3/ERU3 (see chart) and ERU3/ERZ3 spread continue to recover after both spreads traded at their lowest levels since mid May, and some buying interest noted last week.
  • Price action in the front Months keep the strip steeper.

Chart source: MNI/Bloomberg

EURIBOR: Front spreads recover

Last updated at:Jun-05 07:19By: Fabrice Ben Hassine
  • ERM3/ERU3 (see chart) and ERU3/ERZ3 spread continue to recover after both spreads traded at their lowest levels since mid May, and some buying interest noted last week.
  • Price action in the front Months keep the strip steeper.

Chart source: MNI/Bloomberg