Market Information Thursday 23 July 2026

European gas prices have risen nearly 50% since late June, with the Dutch Title Transfer Facility (TTF) benchmark exceeding €62/MWh as traders worry about winter supply security. Heatwaves in Europe and Asia have increased gas demand, while disruptions to traffic through the Strait of Hormuz and diverted liquefied natural gas (LNG) cargoes have tightened the market. Storage refill efforts are lagging, prompting concerns that Europe may miss winter targets and face heightened price volatility.

The appointment of the UK’s new energy secretary signals continued commitment to net zero and clean energy policies despite speculation about greater North Sea oil and gas production. The secretary has previously supported accelerating net zero targets, reducing reliance on fossil fuels and limiting new drilling. Industry groups are urging government backing for domestic production and key offshore projects, while supporters argue that clean power, electrification and investment remain central to improving energy security and lowering costs.

Bolivia is close to securing an International Monetary Fund (IMF) financing package worth between $2.5bn and $2.8bn, with an announcement expected within days. More than half of the funds are expected to be disbursed by early September and used to strengthen foreign exchange reserves. The government expects the agreement to unlock additional multilateral financing, potentially exceeding $5bn this year. Authorities said the IMF supports the country’s economic programme, including fiscal deficit reduction and exchange-rate reforms.

The 6M Euribor is unchanged at 2.69% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.21% 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.