Market Information Thursday 19 June 2025

The Federal Reserve kept interest rates steady amid growing division over future cuts, as officials weigh rising inflation risks against slowing economic growth. Uncertainty from new tariffs, immigration crackdowns, and global conflicts has clouded the outlook, prompting a continued wait-and-see approach. Projections reveal deep disagreement among policymakers, with some expecting no further cuts while others still see room to lower rates this year.

Foreign demand for US government debt stayed near record highs in April despite recent market volatility and tariff-related concerns. Net foreign holdings dipped only slightly, driven by private-sector sales while government accounts continued buying longer-term securities. Shifts among various international investors highlighted ongoing skepticism about fiscal and trade policies without triggering a broad exodus.

India’s market regulator has eased disclosure rules for foreign investors exclusively buying government bonds, citing their low-risk nature. It also approved measures to simplify delisting for certain state-owned firms and clarified rules around startup founders retaining stock options post-listing. These changes aim to boost foreign investment and streamline corporate regulations.

The 6M Euribor increased with 2 basis points to 2.07% compared to previous business day. The 10Y Swap decreased with 4 basis points to 2.52% 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.