Rates continue to rise
The US 10-yTreasury yield is settling above 1.9%, while European long rates continue to rise after last week’s BoE and ECB meetings. Markets are now…
European gas prices increased yesterday, both on the spot and the curve. Temperatures were revised slightly colder early next week. On the pipeline supply side, due to maintenance works, Norwegian flows weakened again yesterday, averaging 313 mm cm/day, compared to 319 mm cm/day on Wednesday. Russian flows were stable, at 323 mm cm/day on average.
The rise in Brent, JKM and parity prices with coal for power generation (the increase in EUA prices offset the drop in coal prices) provided additional support, particularly for curve prices.
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