The market was firmly priced for a 25-basis-point deposit rate cut by the ECB on Thursday, and put the odds for another cut in October at 35%, limiting the room for two- to five-year German government bonds to rally, Commerzbank Research said.
The market was firmly priced for a 25-basis-point deposit rate cut by the ECB on Thursday, and put the odds for another cut in October at 35%, limiting the room for two- to five-year German government bonds to rally, Commerzbank Research said.