📝 Paying Oct. ECB ESTR At 1.157%: Citi Strategy
- Rosbel Durán
- Sep 2, 2022
- 1 min read
Pay October ECB ESTR at 1.157% to target 1.419% with a stop at1.026%
Sees ECB hawks’ push for a 75bps hike at one of the next two
meetings “as a floor”
We like to position for the possibility of two 75bp hikes by paying October 2022 ECB €STR”
Risks to the trade include a 50bps hike and/or a deteriorating macro backdrop
- Citi Rates Strategy
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