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Technical analysis: Euribor Futures
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Euribor – December 2008
Thu, Nov 13 2008, 08:56 GMT
by Nicole Elliott
Comment: The stampede into short-dated German Treasuries continues and the spread over US two-year TNotes should narrow significantly by year-end. Note that Schatz yield 2.25%, the same as UK Gilts of that maturity, and three-month Libor is priced to drop close to there by the summer. Plenty of Libids all week while three-month Libor is theoretically offered at 4.23%, a whopping 235 basis points over Bubills. This futures contract’s latest squeeze higher has put it at extremely overbought levels and interest rates could be anywhere mid-December. Running a bank in conditions like this is impossible.
Strategy: Keep away if possible. If you really have to: attempt tiny shorts at 96.555; stop above 96.885. Cover some shorts at 96.250 and the rest ahead of 95.650.
Published on Thu, Nov 13 2008, 08:57 GMT
Archive
- Euribor – March 2010
Published On Thu, Nov 5 2009, 08:25 GMT - Euribor – March 2010
Published On Thu, Oct 29 2009, 08:48 GMT - Euribor – March 2010
Published On Thu, Oct 22 2009, 08:24 GMT - Euribor – December 2009
Published On Thu, Oct 15 2009, 08:13 GMT - Euribor – December 2009
Published On Thu, Oct 8 2009, 08:59 GMT
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
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The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.Related reports
Technical analysis: Euribor Futures - Euribor – March 2010 by Mizuho Corporate Bank
Thu, Nov 5 2009, 08:25 GMT
Technical analysis: Euribor Futures - Euribor – December 2009 by Mizuho Corporate Bank
Thu, Oct 8 2009, 08:59 GMT
Technical analysis: Euribor Futures - Euribor – December 2009 by Mizuho Corporate Bank
Thu, Oct 1 2009, 08:21 GMT
Technical analysis: Euribor Futures - Euribor – December 2009 by Mizuho Corporate Bank
Thu, Aug 13 2009, 08:37 GMT
Fundamental News Summary - European Session Summary by ecPulse.com
Mon, Aug 10 2009, 09:57 GMT
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