Market now sees just one 10 bps rate hike by the ECB in 2019
That really pales in comparison to what the money market priced in at the start of the year - which is for the ECB to move for three rate hikes next year.
The probability of a June 2019 rate hike has also dwindled down to ~40% after having been at about 60% last week and 90% at the start of the month.
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