Market Information Friday 17 April 2026

European government bond yields have risen sharply since the Iran conflict, increasing borrowing costs and straining public finances. Britain sold 10-year bonds at 4.92%, the highest since 2008, while France issued 10-year debt at 3.73%, its highest since 2011. Rising energy prices are keeping yields elevated, lifting debt servicing costs. Italy is expected to roll over debt worth 17% of GDP in 2026, heightening fiscal risks.

New York Federal Reserve warned that the Iran conflict poses substantial risks to the US economy by raising inflation and weakening growth. Energy supply disruptions are already lifting fuel prices and feeding through to airfares, food and other goods. As a result, the inflation outlook for this year has risen to 2.75–3% but is expected to return to 2% in 2027.

Governments are expanding emergency support to offset surging energy costs, raising concerns over public debt sustainability. Recent measures include Germany’s two‑month fuel tax cut costing $1.9 billion, Canada’s $1.7 billion fuel tax relief, Italy’s $590 million extension, Greece’s $354 million support package and Australia’s $285 million expansion. The IMF warns that with global public debt at 94% of GDP, rising toward 100% by 2029, prolonged aid risks triggering broader fiscal stress.

The 6M Euribor decreased with 1 basis point to 2.47% compared to previous business day. The 10Y Swap decreased with 1 basis point to 3.07% 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.