Market Information Monday 17 September 2026

Trump has threatened tariffs on the EU or a halt to trade if it proceeds with granting Canada associate membership. Canada, already facing a 50 per cent tariff on its goods from the US, seeks to diversify through a pact eliminating tariffs on 99 per cent of goods with the European Union. Any fresh US tariffs would test the 15 per cent ceiling agreed between Washington and Brussels last year.

The Fed’s first rate hike since July 2023 strengthens the dollar and elevates global bond yields, pressuring equity valuations and economic growth. Central banks from the ECB to the Bank of Japan are raising rates in tandem, though divergent Asian inflation conditions may prevent fully synchronized tightening. Higher Treasury yields, nearing 5%, are redirecting capital flows and raising company financing costs worldwide.

Japanese corporate leaders are calling for a stronger yen despite benefiting from currency weakness, with the yen trading at 156.3 against the dollar. Even dollar-earning exporters fear volatility hampers strategy, citing 100 to 150 yen per dollar as appropriate levels. The Bank of Japan is expected to raise rates by 25 basis points to 1.25% on Friday amid mounting pressure for currency stabilization.

The 6M Euribor increased with 1 basis point to 2.95% compared to previous business day. The 10Y Swap decreased with 2 basis points to 3.55% 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.