Market Information Tuesday 7 May 2024

The Netherlands raised 3.04 billion euros on Monday afternoon through the issuance of short-term bonds, as announced by the Ministry of Finance. The reopening of a loan maturing on August 29 offered a yield of 3.678 percent. Despite bids totalling 3.16 billion euros, just 1.49 billion euros were awarded, leaving the outstanding amount under the loan at 3.95 billion euros.

The services sector in the eurozone showed faster growth in April, according to data from S&P Global. The Purchasing Managers’ Index (PMI) for the services sector rose to 53.3 from 51.5 the previous month, reaching its highest level in eleven months. While the services sector continued to rebound, the PMI for the eurozone’s manufacturing sector declined last week from 46.1 to 45.7.

The euro maintained a stable position against the dollar on Monday morning, hovering around 1.0770, after the European currency briefly surged on Friday following the release of the US jobs report, which showed disappointing employment growth. After the jobs report, the euro increased to 1.08 USD on Friday before retracting to around 1.0765 USD.

The 6M Euribor decreased with 3 basis points to 3.80% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.76% 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.