I just reviewed the money market quotes, and the price fixing has changed quite a bit in recent days. A week ago, the probability that the ECB would raise rates in April was just 20%, but now markets are betting on a 50% chance.

It's interesting to see how price setting in these markets reflects investors' expectations. It seems there are stronger signals that the European Central Bank might take action this month. The volatility in expected rates shows that sentiment has changed quite a bit in a short period.

Any move by the ECB always causes noise in the markets, so we will be watching closely what happens in the coming weeks.