ING Warns of Volatility in Euro Rates on Dutch Pension Overhaul

Volatility in a corner of the European rates markets is on the rise, offering a glimpse into the potential impact of a major overhaul of the Dutch pension system in the coming months.

A gauge of expected swings in 30-year euro swaps, a type of derivative, is climbing, in contrast to a decline in shorter tenors, ING rates strategists Michiel Tukker and Benjamin Schroeder wrote in a note on Friday. The volatility counters a general recent decline in swings across most markets in recent weeks.