TechFlow news, June 5 — According to Jinshi Data, traders have reduced bets on future European Central Bank (ECB) rate cuts and are no longer fully pricing in an additional 25-basis-point cut this year. Money markets briefly priced in only 23 basis points of further easing before December, down from 32 basis points ahead of the ECB's rate decision on Thursday. Short-term bonds led the decline, with the two-year German government bond yield rising as much as 7 basis points to 1.87%. Earlier, ECB President Lagarde indicated that the central bank's rate-cutting cycle is nearing its end.
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