Traders dispute predictions of quick €STR transition
Poll points to five-year transition, but traders say replacing Euribor will be “a marathon”
Derivatives traders have questioned predictions that Euribor could be phased out as early as 2029.
An audience poll conducted at the Eurex Derivatives Forum in Frankfurt earlier today (February 28) showed that more than 50% of attendees expected the euro short-term rate, or €STR, to become the main interest rate benchmark for euro swaps within the next five years. Another 27% anticipated a hybrid
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