Overnight Eonia fixed 0.2bp lower at -0.244% on Wednesday, which was broadly in line with expectations and left the average fix for this 49 day maintenance period unchanged at -0.237%, while volumes fell €0.2bn to €12.2bn.
3-Month Euribor fixed inline with some expectations. The momentum for lower fixes slowed, with 1 increases (1 bank +1bp) vs 7 decreases (7 banks -1bp), compared to 1 vs 9 in the previous session, while the spread of the highest to lowest fixings used for the calculations was unchanged at 4bp.
6-Month Euribor fixed in line with some expectations. The momentum for lower fixes slowed, with 1 increases (1 bank +1bp) vs 1 decrease (1 banks-1bp), compared to 0 vs 9 in the previous session, while the spread of the highest to lowest fixings used for the calculations was unchanged at 2bp.
1-Month Euribor fixed below expectations. The momentum for lower fixes picked up, with 0 increases vs 11 decreases (10 banks -1bp, 1 bank -3bp), compared to 1 vs 5 in the previous session, while the spread of the highest to lowest fixings used for the calculations narrowed 1bp to 2bp.
Today’s 3m Euribor is called to fix at -0.190% and 6m Euribor is called to fix at -0.123%.
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