Market Information Tuesday 6 February 2024

According to data from Eurostat, the European statistical office, producer prices in the Eurozone experienced a significantly sharper decline in December. On a monthly basis, a decrease of 0.8% was reported, compared to the 0.3% drop in November. On an annual basis, producer prices in December fell by 10.6%, indicating an acceleration from the 8.8% decline the previous month and the 9.4% decrease in October.

On Monday, data from the German statistical office, Destatis, revealed a decline in German exports and imports in December. The export figures showed a month-on-month decrease of 4.6%, while imports experienced an even sharper decline of 6.7%. On an annual basis, exports also saw a 4.6% decrease, while imports exhibited a more substantial drop of 12.4%, attributed in part to lower commodity prices.

On Monday, the Netherlands raised €2.58 billion through two treasury bond issuances, one of which involved a reopening, as reported by the agency of the Ministry of Finance. The short-term bonds have maturity dates of May 30, 2024, and July 30, 2024, with yields of 3.765% and 3.71%, respectively.

The 6M Euribor increased with 1 basis point to 3.84% compared to previous business day. The 10Y Swap increased with 7 basis points to 2.70% 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.