Market Information Friday 18 September 2026

The Bank of England announced a major adjustment to its quantitative tightening programme, pausing gilt sales for six months and halting sales of long-dated bonds as it seeks to unwind its remaining £488 billion bond portfolio by 2034. The move follows a sharp rise in UK borrowing costs, with 30-year gilt yields recently reaching their highest level since 1998, highlighting broader pressures across global bond markets and concerns over government financing costs.

US regulators approved a framework allowing the trading of tokenised stocks, a move that could accelerate the integration of blockchain technology into traditional financial markets. Supporters argue that tokenisation could enable 24/7 trading, faster settlement and lower transaction costs, while potentially expanding investor access to equities. The decision signals growing institutional acceptance of digital asset infrastructure despite ongoing political debates over broader cryptocurrency legislation.

Turkish authorities introduced emergency measures after turmoil in parts of the investment fund industry triggered an 8% decline in the benchmark stock index over two trading sessions. Regulators froze trading in funds managed by several asset managers, ordered the liquidation of 130 funds, and eased access to liquidity to prevent broader contagion. The episode poses a challenge to Turkey’s efforts to restore investor confidence and strengthen economic credibility amid ongoing market reforms.

The 6M Euribor increased with 2 basis points to 2.97% compared to previous business day. The 10Y Swap decreased with 3 basis points to 3.52% 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.