Eur-Zone overnight rates are creeping higher again as yesterday's EUR 70 bln one day tender expires without sign that the ECB is offering additional funds above the generous allocation in yesterday's 7-day tender. The interbank overnight rate is currently at 4.400%, far above the 4.25% minimum bid rate and up from an average overnight rate (EONIA) of 4.2160% yesterday. One week Euribor was fixed at 4.50% today, up from 4.49% yesterday. One month Euribor was fixed today at 4.539%, up from 4.533% yesterday.
