News Headline Summary

Analysts at JP Morgan believe that last week's EONIA and Euribor sell-off is overdone and was mainly driven by liquidation of long positions

- Analysts note that markets are pricing in excess liquidity of EUR 50bln vs. JPM estimates of EUR 350bln.

Analysis details (02:49)

- EONIA curve steepened sharply last week and Euribor traded heavy - underpinned by expectations of redemption flows related to LTRO repayments by EU banks
- Expectations of these repayments also said to have contributed to higher Euribor fixings.

21 Jan 2013 - 02:42 - - Source: Newswires

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