Market Information Friday 10 April 2020

The US Federal Reserve (Fed) announced on Thursday that it will provide loans amounting to an additional 2.3 trillion US dollars. With these new loans, the Fed wants to further support the economy by keeping the credit flow going. Both households and employers can obtain the loans. In addition, the loans enable the state and local authorities to continue with providing critical services.

In the United States, producer prices decreased by 0.2 percent in March 2020 compared to a month earlier. In February 2020, prices also decreased by 0.6 percent on a monthly basis. Economists expected producer prices to decrease by 0.4 percent in March. On an annual basis, prices rose by 0.7 percent in March 2020. In February 2020, the increase was 1.3 percent in comparison with February 2019.

New figures from Statistics Netherlands show that the volume of exported goods in the Netherlands grew by 3.3 percent in February 2020 compared to February 2019. In January 2020, volume increased with 3.9 percent compared to a year earlier. The volume of imported goods declined by 0,9 percent in February 2020 compared to February 2019. This is the first contraction of imports in almost four years.

The 6M Euribor increased with 3 basis points to -0.20% compared to previous business day. The 10Y Swap decreased with 5 basis points to -0.0025% 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.