Market Information Tuesday 2 September 2025

The Netherlands raised nearly €3 billion through the reopening of a short-term bond and the issuance of a new one, according to the Ministry of Finance. The reopened bond, maturing in October 2025, raised €1.47 billion at a 1.948% coupon, while the new bond, maturing in February 2026, brought in €1.44 billion at 1.954%. Demand for both auctions slightly exceeded €2 billion.

Gold is trading close to record highs, supported by expectations of U.S. Federal Reserve rate cuts and a weaker dollar, while silver surged above $40 per ounce for the first time since 2011. Analysts point to sticky inflation, weaker consumer sentiment, and tight supply as drivers, with markets awaiting Friday’s U.S. jobs report for further Fed guidance.

Donald Trump stated that India has offered to cut import tariffs on U.S. goods to zero after Washington doubled tariffs to 50% in response to India’s purchases of Russian oil. He criticized India for not making this move years earlier and argued that American businesses face major hurdles in the Indian market, while India continues to buy most of its oil and military systems from Russia.

The 6M Euribor is unchanged at 2.07% compared to previous business day. The 10Y Swap increased with 2 basis points to 2.68% 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.