Traders Adjust Expectations for ECB Rate Cuts

According to BlockBeats, traders have reduced their expectations for future rate cuts by the European Central Bank (ECB), no longer fully pricing in a 25 basis point cut this year. The money market's expectation for further rate cuts by December has decreased to 23 basis points, down from 32 basis points anticipated before the ECB's rate decision on Thursday. Short-term bonds led the decline, with the yield on two-year German bonds rising by 7 basis points to 1. 87% source: https://www.binance.com/en/square/post/25212027618074?utm_source=BinanceNewsRSS