HALISTER1: Close Receiving EUR 2Y Swap Ahead of ECB Meeting Next Wk: BNP

Close Receiving EUR 2Y Swap Ahead of ECB Meeting Next Wk: BNP

(Bloomberg) -- Trade closed with profit of 9bp (including -2.5bp carry), writes BNP Paribas strategist Eric Oynoyan, in a client note.
  • EUR 2y swap has been dragged further down following the latest inflation data in the euro-area which boosted expectations of further ECB action
  • Tactical trade was supposed to be closed ahead of the ECB
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Eric Oynoyan (BNP Paribas SA)

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