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ECB: Sintra signals and sticky hike premium – Commerzbank
Commerzbank’s Guntermann highlights the Sintra forum as a key event for European Central Bank (ECB) communication, with Lagarde’s opening speech and a heavyweight policy panel midweek. Markets have pared ECB hike expectations to about 27 bps by April, but the bank doubts Sintra rhetoric will justify further front-end yield declines, keeping a sticky rate hike premium embedded in pricing. [...]