Market Information Wednesday 29 April 2026

Inflation in Australia rose to 4.09% year-on-year in the first quarter, its highest level in over two years, though slightly below the 4.2% forecast. March inflation hit 4.6%, driven by higher costs for housing, transport and food, reinforcing expectations of further rate hikes. The Reserve Bank of Australia, which raised rates to 4.1% in March, warned that Middle East developments could add to inflation pressure, with the board signalling rates may need to rise further.

The U.S. Treasury warned financial institutions of sanctions exposure for dealings with Chinese “teapot” refineries processing Iranian oil, as Washington intensifies its maximum pressure campaign against Tehran. China purchases approximately 90% of Iran’s oil exports, with independent refineries accounting for the majority of imports, often disguised through ship-to-ship transfers and relabelled as “Malaysian blend.” The warning comes ahead of Trump’s planned visit to Beijing, with Iran’s main export terminal on Kharg Island nearing storage capacity, potentially costing Tehran $170 million in daily revenue.

JPMorgan CEO Jamie Dimon warned that rising global government debt, combined with geopolitical risks and widening deficits, could trigger “some kind of bond crisis” if policymakers fail to act proactively. Speaking at Norway’s sovereign wealth fund conference, Dimon cautioned that a credit recession, when it comes, could be worse than expected, with private credit at $1.7 trillion not yet systemic but broader lending stress a growing concern. “We haven’t had a credit recession in so long, so when we have one, it would be worse than people think,” he said.

The 6M Euribor increased with 1 basis point to 2.47% compared to previous business day. The 10Y Swap increased with 3 basis points to 3.10% 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.