Representatives of the USA and Iran conducted preparatory talks in the capital of Qatar, Doha, before the Friday summit. French President E. Macron said that the multinational maritime mission initiated by France and the United Kingdom is ready to support the reopening of the Strait of Hormuz.
The EURUSD rate, after a significant rise from Friday to Monday, oscillated for most of the session in the range 1.16-1.162. The euro benefited from an improvement in industrial production for the eurozone (accelerating to 0.3% y/y from -2.1% y/y). In the base debt markets as well as in the domestic market, there was a strengthening at the very opening of about 5 basis points, and later during the day German bond yields remained stable while U.S. yields rose.
At the end of the day, 10‑year German bond yields were at 2.95% and U.S. yields were around 4.46%.
In the domestic equity market, index declines of 0.3-1.2% were recorded.
The Polish zloty slightly lost value to about 4.252 from about 4.24. In yesterday's session many currencies lost against the euro, with the exception of the forint in the region.
Domestic interest rate market
In the domestic interest rate market, there was a significant drop in rates, about 30 basis points for FRA, about 20 basis points for IRS rates, about 10-15 basis points for bonds.
Support for the strengthening of domestic debt came from movements in the base markets. The decline occurred at the opening of the session and then there was stabilization. 10‑year treasury yields ended the day at about 5.47%.
Oil prices fell, Brent was priced at $82 per barrel
European exchanges recorded gains, with major indices reaching record levels. Oil prices fell, Brent was priced at $82 per barrel, the lowest level since the second week of March. All this in response to news of an agreement between the USA and Iran announced on Sunday, which is set to be signed next Friday. Representatives of the USA and Iran conducted preparatory talks in the capital of Qatar, Doha, before the Friday summit.
French President E. Macron said that the multinational maritime mission initiated by France and the United Kingdom is ready to support the reopening of the Strait of Hormuz.
The EURUSD rate, after a significant rise from Friday to Monday, oscillated for most of the session in the range 1.16-1.162.
The euro benefited from an improvement in industrial production for the eurozone (accelerating to 0.3% y/y from -2.1% y/y).
In the base debt markets as well as in the domestic market, there was a strengthening at the very opening of about 5 basis points, and later during the day German bond yields remained stable while U.S. yields rose.
At the end of the day, 10‑year German bond yields were at 2.95% and U.S. yields were around 4.46%
