Euribor futures declined as European Central Bank president Mario Draghi said officials didn’t discuss an interest-rate cut.

The implied yield on the contract expiring in June rose three basis points to 0.625 percent as of 1:50 p.m. London time.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net