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ECB Terminal Rate Seen At New High Of 4.16% On Powell Comments

STIR

ECB terminal hike pricing briefly pushed to a new cycle high on the back of the testimony by Fed Chair Powell at 1500GMT - jumping by 10bp to 4.16% depo rate by October. Last printing 4.11%.

  • 50bp is 98% priced for March, while a further 50bp in May hit 80% probability.

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