Euribor Flipper??

This is a discussion on Euribor Flipper?? within the Money Markets forums, part of the Trading Choices category; the citibank trade you are referring to occirred early in August last year. The spike in bobl in dec (around ...

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Old Aug 1, 2005, 8:20am   #65
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Default Re: Euribor Flipper??

the citibank trade you are referring to occirred early in August last year.
The spike in bobl in dec (around 27 i think) was unrelated to the citibank trades...

Basically Citibank bid up the bunds and bobls - this raised the pirce of the cash equivalents.
Then they sold around 200 cash Euro bonds on MTS... before buying a chunk back half an hour later
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Old Aug 1, 2005, 8:41am   #66
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Default Re: Euribor Flipper??

The Decemeber thing with Bobl was in a very thin market between xmas and new year. Phily Fed ( i think it was) came out at 5pm London time, it was a very good number. No size in the market a lot of shops closed for holidays and basically stops went off. It recovered almost immediately.
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