Market Information Wednesday 12 March 2025

The United States government, led by President Donald Trump, initially decided to increase import tariffs on Canadian steel and aluminum to 50 percent. However, trade advisor Peter Navarro reported last night that President Trump will “reconsider” the tariffs because Canada says it will suspend a 25% surcharge on electricity exports to the U.S.

According to the final figures from the Statistics Netherlands, inflation in the Netherlands rose to 3.8 percent in February. This increase was largely driven by rising food prices, particularly of meat and grain products, as well as higher expenditures on recreation, culture, and furniture items.

The European Union has issued a new bond maturing in 2035, which has garnered significant interest from investors. Despite the EU’s aim to raise €9 billion, investors have already placed orders exceeding €85 billion. The strong interest in European debt is partly driven by planned investments in defense, as the Union can no longer automatically rely on security assurances from the United States under President Donald Trump.

The 6M Euribor decreased with 2 basis points to 2.39% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.77% 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.