Market Information Wednesday 5 January 2022

Because of limited supplies from Russia, the gas price is rising again towards 100 euro per megawatt hour (MWh). The price of the leading gas contract in Europe — the 1-month TTF forward — was about 17% higher on Tuesday.

The yield on US and European government bonds is on the rise this week. Since half December the yields on government bonds is on the rise. The yield on Dutch ten-year bonds is currently positive again and is at its highest level in two months.

The members of the Organization of the Petroleum Exporting Countries and allies including Russia (OPEC+) agreed on Tuesday to stick to the planned increase in oil output for February because it expects the Omicron variant to have a short-lived impact on global energy demand. OPEC+ has raised its output target each month since August by 400,000 barrels per day.

The 6M Euribor increased with 1 basis point to -0.54% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.33% 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.