Market Information Wednesday 24 July 2024

U.S. existing home sales fell by 5.4% in June, reaching the lowest level since December, due to record-high house prices and high mortgage rates. However, increased supply and declining mortgage rates offer hope for a modest rebound in home sales later this year.

The Bank of England is urging banks to prepare for greater use of its repo facilities as it reduces its government bond holdings by £100 billion annually. The expanded repo operation is aimed at preventing a money market crunch and managing interest rates as the central bank’s reserves decline.

Brazil’s economy is projected to grow steadily at 2.0% in 2024 and 2025, driven by increased public spending, though fiscal deficits are expected to remain high. With the recent market turmoil and a slight rise in inflation expectations, analysts remain cautious about Brazil’s public finances and anticipate ongoing fiscal challenges.

The 6M Euribor increased with 1 basis point to 3.64% compared to previous business day. The 10Y Swap decreased with 4 basis points to 2.71% 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.