Market Information Friday 06 March 2026

German government bonds (Bunds) are facing stronger competition from other safe-haven assets like gold and some currencies as investors worry about rising supply and weaker demand of bonds. Germany’s fiscal expansion plans and the European Central Bank reducing its bond holdings could push yields higher and make Bunds less attractive compared with assets such as U.S. Treasuries or UK gilts. As a result, analysts say Bunds may not perform as strongly as a traditional safe haven during future market shocks.

The AEX-index closed 0.5 percent lower at 995.52 points as oil prices surged due to the conflict involving the US, Israel and Iran, increasing market uncertainty. Higher energy prices weighed on energy-intensive companies such as ArcelorMittal, while defensive stocks and Shell held up better.

New U.S. jobless claims held steady at 213,000, signalling a resilient labour market. At the same time, announced layoffs dropped sharply in February while productivity growth helped keep labour cost increases contained. Economists expect the Federal Reserve therefore will delay interest rate cuts, partly due to rising inflation risks linked to the Middle East conflict.

The 6M Euribor increased with 2 basis points to 2.14% compared to previous business day. The 10Y Swap increased with 9 basis points to 2.86% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.