The yield on UK 10-year government bonds remains steady above 5.4%, near a 19-year high.
智通财经2026/10/09 09:36⑴ The yield on the UK 10-year government bonds remained steady above 5.4%, near a 19-year high, as investors weighed declining oil prices against hawkish comments from Bank of England policymakers. ⑵ Brent crude retreated as concerns over Middle East supply eased after US President Trump ruled out the possibility of attacking Iran before the November midterm elections and described efforts to end the conflict as productive. ⑶ Meanwhile, Bank of England Chief Economist Huw Pill stated that the central bank must continue focusing on controlling inflation. Monetary Policy Committee member Megan Greene warned that UK wage growth could reach around 3.5% by 2027, potentially continuing to drive inflationary pressures and increasing the need for further rate hikes. ⑷ Governor Andrew Bailey also emphasized that the central bank must continue focusing on reducing inflation. ⑸ The market anticipates the Bank of England will raise rates in November, as it remains the only major central bank yet to begin tightening monetary policy to counter inflationary pressures arising from the US-Iran conflict.
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Germany will prioritize the release of diesel and heating oil, up to 15 millions barrels of oil and products.
German Minister of Economy: Priority will be given to releasing diesel and heating oil, followed by crude oil. Germany will release up to 15 million barrels of oil and petroleum products.
Germany will prioritize the release of diesel and heating oil to ensure energy supply security.
The German Minister for Economic Affairs stated that German refineries are the most important assets for energy supply security. Priority will be given to releasing diesel and heating oil, followed by crude oil. The entire supply chain must always be considered, as crude oil alone is not sufficient.
Germany releases strategic oil reserves, prioritizing diesel and heating oil
(1) The German Ministry of Economic Affairs announced on Friday that it will release up to approximately 15 million barrels of oil and petroleum products. (2) This move follows the G7's agreement to collectively release about 100 million barrels of emergency diesel and crude oil reserves. (3) German Minister for Economic Affairs Habeck stated that diesel and heating oil will be released first, followed by crude oil. (4) She affirmed that Germany will fully implement the relevant G7 agreement. (5) Habeck also emphasized that the entire supply chain must always be considered, and merely having available crude oil is not sufficient. (6) She added that German refineries are the most important assets for ensuring energy supply security. (7) Previously, the United States pressured the European Union to reduce emergency diesel inventories and warned that failure to act could result in restricted diesel exports. (8) From a market perspective, this measure will help alleviate short-term refined oil supply shortages, but the pace of release and coordination with refining capacity remain key factors. (9) Continued attention will be paid to the progress of releases by other G7 members and the impact on refined oil crack spreads.
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