Traders Suffer Losses on Options After U-Turn in ECB Rate Bets
A sharp swing in European money markets from bets on central bank interest-rate cuts to hikes has caught traders off guard, forcing some to exit options at hefty losses.
By James Hirai, Greg Ritchie · Bloomberg Markets
A sharp swing in European money markets from bets on central bank interest-rate cuts to hikes has caught traders off guard, forcing some to exit options at hefty losses.