(Bloomberg) -- European bonds gained with equities as inflation data Tuesday poured fueled on a rally sparked by bets central banks are poised to accelerate interest rate-cutting cycles.
Rates traders are coming around to the idea that the ECB will deliver a consecutive quarter-point decrease this month.
The European Central Bank President Christine Lagarde said the bank is becoming more optimistic about getting price pressures under control.
Money markets imply a one-in-three chance the Fed will deliver another half-point cut in November, and price a total of about 190 basis points of easing by the end of next year.
Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.
..
News articles remains the property of the source. Tellbrief is a news aggregator.
