Forex Flash: Spanish banks' repay LTRO in high volumes  TD Securities

FXstreet.com (Barcelona) - The LTRO repayments have began and the The ECB allotted ¬3.7Bn in the new 3m tender, out of ¬6.2bn rolling off this month's tender. "To be fair, the ¬2.5bn difference is marginal so this is all optics and sentiment at this point but continues to support the repricing in Euribors", wrote analyst Marcin Budkiewicz, more interested about Spanish banks' repayments. "TheEl Paisarticle this morning seemed more interesting than this as having ¬44bn repaid from Spanish banks in last week's 3y LTRO suggests we will get more out of the Feb LTRO repayment, which was Spain heavy", added Budkiewicz.