Market Information Thursday 13 November 2025

OPEC sees a modest surplus of about twenty thousand barrels per day in 2026 as rising OPEC plus and non-OPEC supply overturn earlier deficit forecasts. The revision follows a shift from a projected seven hundred-thousand-barrel shortfall in September and helped push Brent down more than three percent to about USD 63. The outlook diverges sharply from the IEA, which expects a four-million-barrel glut next year.

India’s consumer inflation fell to 0.25 percent in October, below forecasts and down sharply from 1.54 percent in September. The drop reflected lower goods and services tax and softer food and commodity prices, though the central bank kept its rate at 5 percent and flagged a potential growth slowdown. United States tariffs of up to 50 percent are straining key export sectors even as domestic demand shows a mixed post tax cut recovery.

US Treasury yields fell, with the ten year at 4.065 percent and the thirty year at 4.661 percent, as investors anticipated an end to the government shutdown. The stalled release of inflation and labour data has heightened uncertainty. The policy backdrop was further unsettled by the announcement that Atlanta Federal Reserve President Raphael Bostic will depart in February.

The 6M Euribor increased with 1 basis point to 2.13% compared to previous business day. The 10Y Swap is unchanged at 2.67% 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.