Market Information Thursday 13 August 2026

Investors are concerned that the Federal Reserve’s shift toward leaner communication could increase market uncertainty and borrowing costs. Under its new approach, the central bank has reduced forward guidance, shortened policy statements and focused less on signalling future interest rate moves. Some market participants welcome fewer official signals, but others argue that decades of transparency have become embedded in asset pricing. Reduced visibility could lead investors to demand higher bond yields and increase market sensitivity to economic data releases.

Ukraine has halted drone attacks on oil tankers operating near the Caspian Pipeline Consortium terminal at Russia’s Black Sea port of Novorossiysk after a request from the United States administration. Washington was concerned about disruptions to Kazakhstan’s key oil export route, which is partly owned by major US energy companies. Ukrainian officials said they would avoid targeting consortium infrastructure and non-Russian vessels, while continuing military operations against Russian naval and energy assets elsewhere.

The People’s Bank of China reiterated its commitment to an appropriately loose monetary policy stance and signalled that additional support measures could be introduced when needed. While the central bank did not explicitly indicate interest rate or reserve requirement ratio cuts, it pledged to strengthen counter-cyclical policy adjustments and coordinate more closely with fiscal policy. Policymakers highlighted weak domestic demand, global economic uncertainty and slowing trade as challenges, while stressing the need to support growth and financial market stability.

The 6M Euribor decreased with 2 basis points to 2.64% compared to previous business day. The 10Y Swap is unchanged at 3.18% 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.