%ECB rates
ECBRATES
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ECB raised its deposit rate by a quarter-point to 2.50%, lifting the policy rate/yield.
The Federal Reserve raised its benchmark rate to 3.75-4.00% on Wednesday, its first increase since 2023, matching the quarter-point size of the European Central Bank's move six days earlier. The ECB acted first, lifting its deposit rate, the return banks earn on money parked with it, by a quarter-point to 2.50%. The Fed's matching increase came six days after the ECB's decision, and the sequence is weighing on the Euro.
ECB raised its deposit rate by a quarter-point to 2.50%, lifting the policy rate/yield.
Fed raised its benchmark rate to 3.75-4.00%, its first hike since 2023, lifting the effective funds rate.
Fed rate hike to 3.75-4.00% pushes US yields higher, including the 10Y.