Using €STRWatch, clients will be able to analyze their expectations of the impact of ECB policy decisions in upcoming meetings, providing a view of where CME Group €STR futures prices could settle if their expectations prevail. Given the high correlation between the ECB's deposit facility rate and the €STR rate, the tool takes into account the spread between these rates to project forward €STR rates.
"The recent shift in European interest rate policy has put even greater emphasis on the importance of risk management and the need for comprehensive data to understand what the market is pricing in for €STR contracts," said
€STRWatch is available for use ahead of the next ECB monetary policy meeting scheduled for
For more information on €STR Watch, please visit https://www.cmegroup.com/estrwatch. For the underlying methodology, please visit https://www.cmegroup.com/estrwatch-methodology.
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