Market Information Friday 11 February 2022

Inflation in the United States (US) in January was 0.6% on a monthly basis and 7.5% on an annual basis, the highest measured inflation in the US in almost 40 years. This was reported yesterday by the US Department of Labor. It also exceeded the expectations of several economists. Inflation was predicted to be 0.4% on a monthly basis and 7.2% on an annual basis. Core inflation, adjusted for food and energy prices, came in at 6.0% in January compared to January 2021. Energy and food prices rose by an average of 27.0% and 7.0%, respectively.

The number of bankruptcies in the Netherlands decreased in January this year. Statistics Netherlands reported this morning that 110 bankruptcies were declared in January. This is a decrease of 23 compared to the 133 bankruptcies of December 2021. Behind August 2021 and October 2021, January 2022 saw the lowest number of bankruptcies recorded in over 30 years.

Between January 29 and February 5, 223,000 initial jobless claims were filed in the United States. This meant that the number of new applications fell by 16,000 from a week earlier. Analysts had previously predicted a decline of 9,000. Since the peak in applications in January 2021 of 904,000, the number of new applications has steadily declined. In December 2021 and January 2022, the number of applications picked up due to the spread of the omicron variant, but now that the number of applications is dropping for the third week in a row, the decline seems to have resumed.

The 6M Euribor is unchanged at -0.46% compared to previous business day. The 10Y Swap increased with 9 basis points to 0.82% 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.