Commerzbank on Overnight News

BY MT Newswires | TREASURY | 03/18/26 06:29 AM EDT

06:29 AM EDT, 03/18/2026 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Wednesday highlighted:

Markets: United States Treasury yields lower across the curve, with the belly outperforming. Brent declines to about $101/barrel. Most equity futures edge higher, led by Nikkei, while Chinese stocks struggle. The euro (EUR) tests upside above $1.154.

U.S./Iran: President Donald Trump says it "won't be long" before ships can move through the Strait of Hormuz. Pentagon plans mass production of LUCAS attack drones. Iran confirms the death of security chief Ali Larijani.

U.S./Venezuela: The U.S. intends to ease sanctions on Venezuelan oil.

Russia-Ukraine war: Ukraine agrees to allow repairs to Russian oil pipeline, helping to unlock 90 billion euros loan (FT).

==EUROPE:

Germany: Cabinet approves legislation to permit gasoline stations only one price increase per day. Legislation to take effect from April, pending parliamentary approval.

EU: French President Emmanuel Macron and German Prime Minister Friedrich Merz to discuss troubled joint fighter program (Reuters sources).

U.K.: United Kingdom Finance Minister Rachel Reeves is willing to give more powers to the European Union to reverse what she calls Brexit's "deep damage."

Banks: EU to delay increase in bank capital requirements until after Easter.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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