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In this podcast Khagendra Gupta and Ipek Ozil discuss the drivers of €STR/SOFR cross currency bases.

Speakers: Ipek Ozil, Head of US Interest Rate Derivatives Strategy

Khagendra Gupta, Head of European Interest Rate Derivatives Strategy

This podcast was recorded on 3 October 2025.

This communication is provided for information purposes only. Institutional clients can view the related report at

https://www.jpmm.com/research/content/GPS-5092332-0

for more information; please visit

Global Rates: Cross currency basis 4Q25 outlook

At Any Rate