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.

Update details:

- 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.

Print 07:43, 21 Jan 2013 - Fixed Income - Source: Newswires