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9 April 2026 

Money Market Outlook: Our latest for the eurozone, US and UK

The market turmoil from the US-Iran war is also leaving a mark on global money markets, but liquidity conditions overall appear resilient. The biggest moves stem from a repricing of central bank paths, which continue to be almost entirely driven by oil prices. Below, we dive deeper into the dynamics for the US, the eurozone and the UK

Money Market Outlook: Our latest for the eurozone, US and UK

In this bundle

EUR Money Markets: Stirred, not shaken
Rates

EUR Money Markets: Stirred, not shaken


Overall funding stress remains muted on the shift to shorter maturities and safer assets


Benjamin Schroeder

US Money Markets: Slow calm to steady state
Rates
United States

US Money Markets: Slow calm to steady state


Repo circumstances have tamed, the Fed continues to buy bills and a lower funds rate remains on the agenda for later in 2026


Padhraic Garvey, CFA

GBP Money Markets: Liquidity holding amid turmoil
Rates
United Kingdom

GBP Money Markets: Liquidity holding amid turmoil


Liquidity conditions are holding up well despite the significant repricing of the Bank of England outlook


Michiel Tukker

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US rates marketsUS ratesSterling ratesGBP ratesEuro rates marketsEuro rates

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In this bundle
Money Market Outlook: Our latest for the eurozone, US and UK EUR Money Markets: Stirred, not shaken US Money Markets: Slow calm to steady state GBP Money Markets: Liquidity holding amid turmoil

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