Market Information Friday 30 August 2019

Market Information Friday 30 August 2019

Destatis announced that German inflation has decreased in August 2019. The inflation was 1.4% on a year-on-year basis, compared to 1.7% in July. Economists expected inflation of 1.5% for August. On a monthly basis inflation decreased by 0.2%, after an increase of 0.5% in July. Using the European harmonized method, inflation was 1.0% on a yearly basis, against 1.1% in the previous month. Economists had forecast an increase of 1.2% for August.

Definitive figures from the American ministry of Commerce show that economic growth in the second quarter of 2019 was 2.0% on a year-on-year basis. The figure is revised downwards from 2.1%. The United States economy grew by 3.1% in the first quarter of 2019.

Statistics Netherlands announced that the output prices of the Dutch industry have increased by 0.1% in July 2019 compared to July 2018. The price increase is lower than the previous month, when prices increased by 0.3% on a year-on-year basis. Compared to June, output prices have decreased by 0.2% on a monthly basis.

The 6M Euribor decreased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.28% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Thursday 29 August 2019

Market Information Thursday 29 August 2019

Research agency GfK stated that consumer confidence in Germany has remained stable in August 2019 compared to July 2019. The index measuring confidence remained at a value of 9.7. Economists expected an index value of 9.6.

Statistics Netherlands announced that producer confidence has remained stable in August 2019 compared to July 2019. Producer confidence remained at a value of 3.9.

Figures from INSEE show that French household expenditures increased by 0.4% in the July 2019 compared to June. In June, household expenditures decreased by 0.2%. Economists expected an increase of 0.3%.

The 6M Euribor is unchanged at -0.42% compared to previous business day. The 10Y Swap decreased with 3 basis points to -0.30% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Wednesday 28 August 2019

Market Information Wednesday 28 August 2019

The S&P CoreLogic Case Shiller index shows that the prices of owner-occupied properties in the United States increased by a fraction (0.04%) in June compared to a month earlier. This index shows the house price development of twenty major American cities. Compared to June 2018, the prices of owner-occupied properties increased with 2.1%.

The German economy shrank in the second quarter of 2019 compared to the first quarter. This is confirmed by definitive figures from the German Federal Statistical Office yesterday. The economy decreased with 0.1%, compared to an increase of 0.4% in the first quarter of 2019.

The Greek government eliminated the last remaining restrictions on capital flows. These restrictions on capital movements were introduced in 2015 to prevent the Greek financial system from collapsing. This elimination was immediately noticeable on the financial markets, the Greek 10-year government bond yield fell below 1.8%.

The 6M Euribor decreased with 1 basis point to -0.42% compared to previous business day. The 10Y Swap decreased with 5 basis points to -0.27% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Tuesday 27 August 2019

Market Information Tuesday 27 August 2019

The German business confidence index declined more than expected this month and reached the lowest level in almost ten years. The Ifo Insitute – a Munich-based economic research institution – published a business climate index of 94.3 in August, compared to 95.7 in July.

Economic growth in the Organization for Economic Cooperation and Development (OECD) area declined in the second quarter of 2019 to 0.5% on a quarterly basis, compared to 0.6% in previous quarter. This decreasing economic growth is mainly caused by Great Britain and Germany.

Last week, Bavarian Prime Minister Markus Söder came forward with a proposal in anticipation of the expected ECB interest rate cut next month. He wants to exempt savers from a negative interest rate as long as their balance does not exceed EUR 100,000. However, the German Banking Association disagrees with this proposal, arguing that a ban on negative interest rates is an excessive market intervention that will restrict the freedom of banks too severely.

The 6M Euribor increased with 1 basis point to -0.41% compared to previous business day. The 10Y Swap is unchanged at -0.22% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Monday 26 August 2019

Market Information Monday 26 August 2019

This weekend, China announced that it will impose import duties on USD 75 billion of American products, such as soy, cars and crude oil. In response to the news, Donald Trump said that American companies should look for alternatives to producing goods in China. In addition, he stated that the USD 300 billion import duties announced last week will be further increased from 10% to 15%.

At the G7 summit that took place last weekend in Biarritz in France, the US concluded a principle trade agreement with Japan. An important part of the agreement is Japan’s commitment to buy more American agricultural products, while the countries also agreed upon lowering import duties for Japanese beef and Japanese cars.

According to the monthly World Trade Monitor of the Netherlands Bureau for Economic Policy Analysis, the volume of world trade decreased by 1.4% in June 2019 compared to a month earlier. The volume of world trade increased by a revised 0.6% in May. Over the entire second quarter of 2019, trade fell by 0.7%. This is a bigger decline than in the first quarter, when trade volumes decreased by 0.3%.

The president of the German central bank Jens Weidmann said in an interview that he thinks it is too early for the ECB to take new stimulus measures. At the previous policy meeting, Mario Draghi hinted that the ECB will come up with new stimulus measures in September, such as an interest rate cut or a restart of the QE programme. According to Weidmann, the current economic outlook is particularly uncertain, and Weidmann states that the side effects of such interventions will increase, while the effectiveness of the measures are likely to decrease.

The 6M Euribor is unchanged at -0.42% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.22% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Friday 23 August 2019

Market Information Friday 23 August 2019

Research institute Markit announced that economic activity in the US industry decreased slightly, based on preliminary numbers. In August the purchasing managers’ index (PMI) reached a score of 49.9, while the PMI in June was 50.4. Economists did not expect this change and predicted a PMI of 50.5 in August. A PMI above 50 indicates growth. The PMI for the services industry decreased from 52.6 in July to 50.9 in August.

The European Commission (EC) stated that consumer confidence in the Eurozone has decreased in Augustus compared to July. The indicator, used by the EC to measure confidence in the economy by consumers, decreased from – 7.4 to -7.2 this month. Economist expected a level of – 7.1.

Figures published by the Japanese Bureau of Statistics show that Japanese core inflation in July was 0.6% on a yearly basis, equal to the core inflation in June. This is in line with the expectations of economists. The Bank of Japan targets an inflation of 2.0%. The consumer price inflation was 0.5% in July, a slight decrease with respect to 0.7% in June.

The 6M Euribor increased with 1 basis point to -0.42% compared to previous business day. The 10Y Swap increased with 5 basis points to -0.20% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Thursday 22 August 2019

Market Information Thursday 22 August 2019

Statistics Netherlands (CBS) stated that investments in tangible fixed assets have increased by 0.1% in June 2019 compared to June 2018. The increase is mainly due to increased investment in airplanes, cargo vehicles and machinery. The figures have not been corrected for working days. According to the CBS, the conditions for investments are less favorable in August than in June.

The Congressional Budget Office (CBO) announced that the budget deficit of the United States (US) will be higher this fiscal year than expected. The CBO currently expects a deficit of USD 960 billion, USD 63 billion more than forecast in May. In the fiscal year of 2020, the deficit is expected to be USD 1 trillion, two years earlier than previously forecast.

The National Association of Realtors stated that US sales of existing homes increased by 2.5% in July 2019 compared to June 2019. In June, sales decreased with 1.3%. Economists expected an increase of 2.3% for July.

The 6M Euribor decreased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.25% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Wednesday 21 August 2019

Market Information Wednesday 21 August 2019

The construction production in the eurozone is stabilizing. Based on first estimates of the Statistical Office of the European Union (Eurostat) the construction production in June remained unchanged compared to previous month. In May the production decreased by 0.3%.

Today, the German government will launch a 30-year government bond with a coupon of 0%. The total size of the government bond is € 2.2 billion. The German central bank anticipates a recession for the country as the global economic growth rate decreases. This results in an increasing demand for “safe” government bonds.

The Italian Prime Minister Giuseppe Conte resigned, he announced his resignation on Tuesday afternoon in the Senate. Conte blamed vice-president Matteo Salvini for placing his self-interest above that of the state. This brings an end to the coalition government of the Lega and the Five Star Movement. As from today, President Sergio Mattarella will have to determine whether a new government can be formed. Otherwise, new elections will be held this fall. As a result, the 10-year Italian government bond yields touched 1.31% on Tuesday, the lowest level since 2016.

The 6M Euribor increased with 1 basis point to -0.42% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.27% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Tuesday 20 August 2019

Market Information Tuesday 20 August 2019

Final figures from Eurostat show that inflation in the Eurozone in July decreased to 1% annually, compared to 1.3% in June. In the entire European Union, inflation decreased to 1,4% annually compared to 1.6% in June.

The Dutch State Treasury Agency (DSTA) reports that the Dutch state has collected EUR 1.5 billion with the reopening of a short-term bond. The state intended to raise between EUR 1 billion and EUR 2 billion. The bond yields -0.66%.

The German central bank warns in a monthly report for a possible recession in Germany in the third quarter of 2019. A recession occurs when the economy shrinks for two consecutive quarters. After a reported 0.1% decrease of the German GDP in the second quarter, the German central bank predicts that GDP could continue to ‘fall slightly’.

The 6M Euribor decreased with 2 basis points to -0.43% compared to previous business day. The 10Y Swap increased with 8 basis points to -0.25% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Monday 19 August 2019

Market Information Monday 19 August 2019

Preliminary figures published by Eurostat show that Eurozone exports to the rest of the world fell by 4.3% in June 2019 compared to June 2018. In June 2019, the value of exports amounted to EUR 199.3 billion. Imports also declined by 4.1% to EUR 176.6 billion. The global trade tensions and current economic conditions are cited as the main reason for the decline.

Credit rating agency Fitch has further reduced Argentina’s creditworthiness from B to CCC. According to Fitch, bankruptcy of the country is a realistic possibility. Last week the value of the Argentine Peso plummeted, after the current Argentine president Mauricio Macri suffered a major defeat in a preliminary round of the presidential election. The left-populist Alberto Fernández won this preliminary round. Because of these developments, economists have doubts whether Argentina will eventually be able to pay off its debts.

The Japanese National Statistical Office has announced that Japanese exports fell in July 2019 for the eighth month in a row. The total value of exports decreased by 1.6%. Global trade tensions caused exports to China to fall significantly; these decreased by 9.3% compared to a year ago. The largest decrease was observed for manufacturers of car parts and computer chips.

The 6M Euribor is unchanged at -0.41% compared to previous business day. The 10Y Swap is unchanged at -0.33% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Friday 16 August 2019

Market Information Friday 16 August 2019

The Federal Reserve announced that industrial production in the US decreased by 0.2% in July compared to one month earlier while economists expected an increase of 0.1%. In June, production rose by 0.2% compared to the previous month, according to the revised estimate. The capacity utilisation rate was 77.5% in June.

The US Department of Labor announced that labor productivity in the United States, excluding the agricultural sector, increased by 2.3% in the first quarter of 2019. Economists expected an increase of 1.4%. In the first quarter of this year, labor productivity rose by 2.4%.

The American department of labour states that the amount of initial jobless claims has increased to 220,000. This is an increase of 9,000 claims with respect to last week, in which the amount was 211,000. Economists expected an increase of 1,000 requests.

The 6M Euribor decreased with 1 basis point to -0.41% compared to previous business day. The 10Y Swap decreased with 11 basis points to -0.33% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Thursday 15 August 2019

Market Information Thursday 15 August 2019

Eurostat stated that the economy of the eurozone has grown by 0.2% in the second quarter of 2019 compared to the first quarter, in line with economists’ expectations. On a year-on-year basis, economic growth was 1.1%. Economic growth in the European Union was 0.2% on a quarter-on-quarter basis and 1.3% on a year-on-year basis.

Figures from Eurostat show that industrial production in the eurozone has decreased by 1.6% in June 2019 compared to May. Economists expected a decrease of 1.5%. In May, industrial production increased by 0.8%. Industrial production in the European Union decreased by 1.5%, compared to a growth of 0.9% in the previous month.

Statistics Netherlands (CBS) stated that the Dutch economy grew by 0.5% in the second quarter of 2019 compared to the first quarter. Among others, drivers of growth were increased investment and consumer expenditures. On a year-on-year basis, economic growth was 1.8%, compared to 1.7% in the first quarter. In addition, the CBS reported that exports were 1.6% higher in June 2019 than the year before, while imports were 3.2% higher.

The German federal statistics bureau stated that the German economy shrunk by 0.1% in the second quarter of 2019 on a quarterly basis, compared to a growth of 0.4% in the first quarter. This is in line with economists’ expectations. On a year-on-year basis, the size of the German economy remained the same, compared to a growth of 0.6% in the first quarter.

The 6M Euribor is unchanged at -0.40% compared to previous business day. The 10Y Swap decreased with 7 basis points to -0.22% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Wednesday 14 August 2019

Market Information Wednesday 14 August 2019

According to figures published by the Chinese National Statistical Office, the industrial production in China increased at a lower rate in July compared to June. The production increased by 4.8% on an annual basis, compared to an increase of 6.3% in June. This growth rate fell to its lowest level since 2002.

The German Federal Statistical Office reports that the inflation in Germany in July was 1.7% on an annual basis, compared to 1.6% previous month. This slight increase is in line with the expectations of economists.

Yesterday, the European Commission applied temporary import charges on biodiesel from Indonesia. Research has shown that the Indonesian government supports biodiesel producers with tax benefits and subsidies. These import charges range from 8% to 18% and are intended to protect the European internal market against unfair competition.

The 6M Euribor is unchanged at -0.40% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.15% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Tuesday 13 August 2019

Market Information Tuesday 13 August 2019

The Rabobank states that the gap on the housingmarket between the cheapest and most expensive region has increased. In the pre-crisis period, a house in the province of Groningen was on average 100,000 EUR cheaper than in the province of North-Holland. In the second quarter of 2019 this difference has increased to 174,000 EUR.

The yield on the 10-year Italian government bond decreased yesterday. Investors were relieved that credit rating agency Fitch decided to keep the credit rating of Italy at BBB. At the end of the day, interest on the Italian 10-year government bond was 1.72%, eight basis points lower than at the start of the day.

The European Committee has started an investigation into illegal dumping of cheap steel on the European market by Asian companies. The Committee decided to start the investigation after specific complaints were submitted by interest group Eurfor. If the accusations are found to be true, the EU can increase import tariffs or impose fines on Asian steelmakers.

The 6M Euribor decreased with 1 basis point to -0.40% compared to previous business day. The 10Y Swap is unchanged at -0.13% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Monday 12 August 2019

Market Information Monday 12 August 2019

The British National Statistical Office has announced that the UK economy contracted by 0.2% in the second quarter of 2019. This is the first contraction of the British economy since 2012. The contraction was caused, among other factors, by substantially reduced inventories of companies. These inventories were built up in the run-up to the initial Brexit date in March 2019. Economists had expected a stagnation in the economy. In response to the news, the rate of the British pound fell with 1.0% to EUR/GBP 1,074 on Friday at close of the markets, the lowest level since 2009.

Statistics Netherlands (CBS) has published figures showing that the number of companies that declared bankruptcy in the Netherlands in July 2019 remained virtually the same as the previous month. According to the CBS, 311 companies and institutions were declared bankrupt in July, compared to 309 in June 2019. The number of bankruptcies was highest in the trade sector.

The Italian Deputy Prime Minister Matteo Salvini called for new elections on Friday. In a speech, Salvini, leader of the Lega, said he no longer has confidence in the coalition with the Five Star Movement of prime minister Di Maio. As a result, 10-year Italian government bond yields rose by 27 basis points to 1.804% on Friday at close of the markets, and share prices of Italian banks fell by 8%.

The 6M Euribor is unchanged at -0.39% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.13% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Friday 9 August 2019

Market Information Friday 9 August 2019

According to Statistics Netherlands (CBS), the average daily production of the Dutch industry was 2.2% lower in June 2019 compared to June 2018. Daily production has been shrinking for four months in the Netherlands. The production of electronics decreased the most, while the production of machinery increased. In June, average daily production was 0.8% lower compared to May.

The German federal bureau of statistics published figures that state that in June German exports decreased by 0.1% with respect to May. Economists did not expect a change in export volume. German imports increased by 0.5% compared to May, after it decreased by 0.3% in May.

Figures published today by the Chinese statistical office show that producer prices in China decreased in June 2019 by 0.3% compared to June 2018. Economists expected a decrease of 0.1%. Consumer prices also decreased by 0.3%

The 6M Euribor decreased with 1 basis point to -0.39% compared to previous business day. The 10Y Swap increased with 3 basis points to -0.11% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Thursday 8 August 2019

Market Information Thursday 8 August 2019

The Chinese Yuan has decreased to its lowest level since 2015 valued against the US Dollar. The steps to oppose further depreciation apparently have not yet been successful. The allegations from the US against China, that China did not intervene to hold the deprecation of the Yuan, ensures that the depreciation of the Yuan is closely monitored.

Chinese exports in July have increased despite the increased US trade tariffs. According to customs, next to this increase, imports have decreased less than expected. In comparison to last year exports have increased with 3.3 percent and imports have decreased with 5.6 percent.

Saudi-Arabia has approached other oil producing countries to discuss measures to stop a further decrease of the oil price, as reported by Bloomberg. The decrease of the oil price since the beginning of this month is partly a result of the increased tension between the US and China.

The 6M Euribor decreased with 1 basis point to -0.38% compared to previous business day. The 10Y Swap decreased with 4 basis points to -0.14% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Wednesday 7 August 2019

Market Information Wednesday 7 August 2019

Yesterday, the US has officially labelled China as a currency manipulator, as a consequence of the strong depreciation of the Yuan relative to the Dollar earlier this week. The US accuses China of not using their substantial reserves in foreign currency to oppose the depreciation. China denies the accusations and states that the currency rates are determined by the market. However, China has taken steps yesterday to oppose further depreciation.

The German federal statistical office reports that the factory orders in Germany in June increased with 2.5% on a monthly basis, versus an expected increase of 0.5%. On a yearly basis the factory orders decreased with 3.6%, where a decrease of 5.2% was expected.

The Reserve Bank of New Zealand (RBNZ) has decreased the interest rate with 50 basis points to 1%, an all-time low. This was a larger decrease than the expected decrease of 25 basis points. In May, the interest rate in New Zealand was already decreased with 25 basis points.

The 6M Euribor is unchanged at -0.37% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.10% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Tuesday 6 August 2019

Market Information Tuesday 6 August 2019

Definitive figures from market researcher Markit show that the activity in the service sector in the eurozone has decreased in July 2019. The Purchasing Managers Index was 53.2 in July, compared to 53.6 in June. The composite index, also including industry, was 51.5, compared to 52.2 in the previous month.

Research agency ISM has announced that the growth of the American service sector has decreased in July compared to June. The Purchasing Managers Index was 53.7 in July, compared to 55.1 in the previous month. Economists expected a value of 55.5.

Statistics Netherlands stated that the price of consumer goods and services has increased by 2.5% in July 2019 compared to July 2018. In June 2019, consumers paid 2.7% more for goods and services than in the previous year.

The 6M Euribor decreased with 1 basis point to -0.37% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.08% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Monday 5 August 2019

Market Information Monday 5 August 2019

Kristalina Georgieva has been nominated by the European Commission as the new top woman of the International Monetary Fund. Therefore, it is likely that the Bulgarian former World Bank director will succeed Christine Lagarde, who will become president of the European Central Bank. Other countries will still have to officially approve the nomination, but traditionally Europe nominates the president of the IMF, while the US nominates the president of the World Bank. The Dutch former finance minister Jeroen Dijsselbloem was also mentioned as a possible candidate, but he withdrew after it became clear that he received insufficient support from Eastern European countries, France and Italy.

Figures from the US Department of Labor show that employment in the United States increased less in July 2019 than the month before. The change in non-farm payrolls amounted to +164,000 in July, while 193,000 new jobs were added in June 2019. The average hourly wage increased by 0.3% on a monthly basis.

The monthly purchasing managers index of Markit and Caixin shows that the service sector in China grew less rapidly in July 2019 than the month before. The index fell from 52.0 to 51.6. Economists had expected the index to remain constant at 52.0. The composite index, which also contains figures from the industry, did rise from 50.6 to 50.9.

The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap decreased with 5 basis points to -0.07% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Friday 2 August 2019

Market Information Friday 2 August 2019

The yield on Dutch 10-year government bonds has reached a new low on Thursday. The yield decreased to -0.399%. The yield has declined even further since it dropped below zero at the end of May. Investors prefer sovereign bonds over stocks due to perceived risks in the stock market, as signs from the US, China and Europe indicate that the global economy is cooling down. The Japanese Nikkei lost 2.1% and ended on 21,087.16 points on Thursday, after president Trump announced new import tariffs, which will become effective on September first. The Dow-Jones index, the S&P 500 and the Nasdaq lost 1.1%, 0.9% and 0.8% respectively.

The United States Department of Labor announced that the amount of initial jobless claims has increased by 8,000 claims. Last week, the amount of initial jobless claims totalled 215,000 requests, compared to 207,000 in the previous week. Economists expected 214,000 requests this week.

According to the U.S. Department of Commerce, construction spending in the United States decreased by 1.3% in June compared to May, economists expected an increase of 0.3%. In May, construction spending decreased by 0.5%.

The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap decreased with 3 basis points to -0.02% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.

Market Information Thursday 1 August 2019

Market Information Thursday 1 August 2019

The Federal Reserve (Fed) reduced its policy interest rate for the first time in more than ten years. The Fed decided to decrease the official rate with 25 basis points to a bandwidth of 2.00% and 2.25%. The policy committee states that the US economy has been performing well, however there are concerns about inflation and economic growth. The policy committee does not exclude any further decrease of its policy interest rate.

Eurostat reports that the unemployment rate in the Eurozone in June decreased to 7.5%. In May, the unemployment rate was 7.6%. The unemployment rate in the Eurozone has not been this low since July 2008. In the European Union, the unemployment rate in June was 6.3%.

Additionally, Eurostat reports that inflation in the Eurozone in July decreased to 1.1% on an annual basis. In June, inflation was 1.3%. The inflation rate in June is the lowest inflation reported since the beginning of 2018. The inflation reported was according to the expectations of economists.

According to market researcher Institute for Supply Management (ISU), the activity in the industry in and around the American city Chicago decreased in June compared to the month before. The purchasing managers index decreased from 49.7 in June to 44.4 in July.

The 6M Euribor decreased with 1 basis point to -0.36% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.01% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.