Expectations for the US FOMC to remain unchanged in March surged to 40%

According to CME FedWatch, the 25bp rate hike factored into the US FOMC in February has dropped to around 60%, while the unchanged rate has risen sharply to around 40%. In the European/London market at the beginning of the week, the bankruptcy of US SVB has once again heightened anxiety in the market. Germany’s two-year […]