Traders trim ECB rate wagers, sees 50% chance of a hike in April

The reduction in ECB rate wagers suggests traders are reassessing their expectations regarding future rate hikes, now pricing in a 50% chance for an increase in April. This shift indicates a more cautious outlook amid evolving economic conditions and may signal tighter spreads in Eurozone sovereign debt. Watch for potential cross-asset implications, particularly in EUR and fixed income markets.