A sharp swing in European money markets from bets on central bank interest-rate cuts to hikes has caught traders off guard, forcing some to exit options at hefty losses.
A sharp swing in European money markets from bets on central bank interest-rate cuts to hikes has caught traders off guard, forcing some to exit options at hefty losses.
The European Central Bank headquarters in Frankfurt.
Just a month ago, European Central Bank President Christine Lagarde declared that inflation was in a “good place.” With Europe now hurtling toward another energy crisis, traders are struggling to figure out how bad it could get.
Just a month ago, European Central Bank President Christine Lagarde declared that inflation was in a “good place.” With Europe now hurtling toward another energy crisis, traders are struggling to figure out how bad it could get.
Prices at a petrol station in Saint-Leonard, northern France, on March 9. Photographer: Sameer Al-Doumy/Getty Images
Just a month ago, European Central Bank President Christine Lagarde declared that inflation was in a “good place.” With Europe now hurtling toward another energy crisis, traders are struggling to figure out how bad it could get.
Just a month ago, European Central Bank President Christine Lagarde declared that inflation was in a “good place.” With Europe now hurtling toward another energy crisis, traders are struggling to figure out how bad it could get.
Prices at a petrol station in Saint-Leonard, northern France, on March 9. Photographer: Sameer Al-Doumy/Getty Images
Just a month ago, European Central Bank President Christine Lagarde declared that inflation was in a “good place.” With Europe now hurtling toward another energy crisis, traders are struggling to figure out how bad it could get.
Just a month ago, European Central Bank President Christine Lagarde declared that inflation was in a “good place.” With Europe now hurtling toward another energy crisis, traders are struggling to figure out how bad it could get.
Prices at a petrol station in Saint-Leonard, northern France, on March 9. Photographer: Sameer Al-Doumy/Getty Images
Traders amped up bets on interest-rate hikes from the European Central Bank and the Bank of England as soaring energy prices fueled fears of an inflation spike.
Traders amped up bets on interest-rate hikes from the European Central Bank and the Bank of England as soaring energy prices fueled fears of an inflation spike.
European bonds fell and traders scaled back wagers on interest-rate cuts as they gamed out a familiar scenario: an energy supply shock that sends prices soaring and stokes inflation.
European bonds fell and traders scaled back wagers on interest-rate cuts as they gamed out a familiar scenario: an energy supply shock that sends prices soaring and stokes inflation.
Traders work on the floor of the New York Stock Exchange. Photographer: Michael Nagle/Bloomberg
The UK is expected to slash gilt sales in the coming year, a rare piece of good news for bond investors concerned about the country’s strained finances.
The UK is expected to slash gilt sales in the coming year, a rare piece of good news for bond investors concerned about the country’s strained finances.
Treasuries and the dollar retreated as demand for haven assets ebbed with renewed risk appetite lifting technology stocks higher.
Alberto Musalem, president of the Federal Reserve Bank of St. Louis, during a Bloomberg Television interview in Washington, DC, US, on Monday, Nov. 10, 2025. Musalem said he expects the US economy to bounce back strongly early next year, underscoring the need for officials to approach additional interest-rate cuts with caution.
Traders increased their bets on more Bank of England interest-rate cuts after UK unemployment approached the highest level in five years and wage growth cooled.
Traders increased their bets on more Bank of England interest-rate cuts after UK unemployment approached the highest level in five years and wage growth cooled.
Traders increased their bets on more Bank of England interest-rate cuts after UK unemployment approached the highest level in five years and wage growth cooled.
Traders increased their bets on more Bank of England interest-rate cuts after UK unemployment approached the highest level in five years and wage growth cooled.
Treasuries surged in the day leading up to the US government’s belated reading of labor-market data, with investors pricing in a greater chance that the Federal Reserve lowers interest rates multiple times this year.
Treasuries surged in the day leading up to the US government’s belated reading of labor-market data, with investors pricing in a greater chance that the Federal Reserve lowers interest rates multiple times this year.
A key part of the US yield curve is near its steepest level in four years as investors look to the Treasury’s quarterly bond sale plans later Wednesday for clues on future government issuance.
A key part of the US yield curve is near its steepest level in four years as investors look to the Treasury’s quarterly bond sale plans later Wednesday for clues on future government issuance.
The yield on German 30-year bonds has climbed to the highest level since 2011 as investors demand higher compensation in response to a surge in government debt issuance.
The yield on German 30-year bonds has climbed to the highest level since 2011 as investors demand higher compensation in response to a surge in government debt issuance.
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