ECB rate hike bets nudge higher after NRW CPI beat

<p>And that is up from roughly 50% yesterday. The shift in pricing comes after the inflation beat in Germany's industrial state earlier <a href="https://www.forexlive.com/news/north-rhine-westphalia-august-cpi-59-vs-58-yy-prior-20230830/" target="_blank" rel="follow">here</a>. That tends to set the tone for what to expect from the other state readings later, so we'll see how things play out.</p><p>10-year German bund yields are also seen up nearly 5 bps on the day, to 2.559% currently. The bond market in general is easing off after the bids yesterday, with 10-year Treasury yields also seen up a little over 2 bps to 4.141% at the moment.</p>

This article was written by Justin Low at www.forexlive.com.