Sina Financial News After digesting the issuance of German and Dutch government bonds, German government bonds maintained the rally at the opening, with 10-year leading the gains. The volume of German bund futures fell for the second day in a row, at around 75% of the 20-day moving average. There are holidays this week, fewer trading days, and the market is closed on Friday. Money market bets on an ECB rate cut are largely steady, with a 91 basis point cut expected by the end of the year. UK government bonds are slightly bullish, the next bond issuance by the UK Debt Management Office (DMO) is scheduled for April 4, which is a 10-year bond, and futures volume has fallen to about 85% of the 20-day moving average, and the market will be closed on Friday for holidays. Traders' bets on the size of the BoE's rate cut are broadly flat, with a 74 basis point cut expected in 2024.
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European bond market: German and British government bonds rose slightly, interest rate cut bets held steady
Sina Financial News After digesting the issuance of German and Dutch government bonds, German government bonds maintained the rally at the opening, with 10-year leading the gains. The volume of German bund futures fell for the second day in a row, at around 75% of the 20-day moving average. There are holidays this week, fewer trading days, and the market is closed on Friday. Money market bets on an ECB rate cut are largely steady, with a 91 basis point cut expected by the end of the year. UK government bonds are slightly bullish, the next bond issuance by the UK Debt Management Office (DMO) is scheduled for April 4, which is a 10-year bond, and futures volume has fallen to about 85% of the 20-day moving average, and the market will be closed on Friday for holidays. Traders' bets on the size of the BoE's rate cut are broadly flat, with a 74 basis point cut expected in 2024.