Short-end Hibo likely to trade in tight range in near term

Short-end Hibor is likely to trade in tight range in near term, says European bank trader; notes that after strong U.S. NAPM data overnight some market players unsure whether another U.S. rate cut on the cards when Fed meets in October. Expects 3.20-03.40% range for short-end Hibor; 1-month Hibor now

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