Market Information Friday 12 August 2022

A key measure of US producer prices unexpectedly fell in July for the first time in more than two years, largely reflecting a drop in energy costs and representing a welcome moderation in inflationary pressures. The producer price index decreased 0.5% from a month earlier, Labor Department data showed Thursday.

Mortgage rates in the United States climbed above 5% again, after dipping below that threshold for the first time in months a week earlier. While the volatility in mortgage rates remains, the housing market is starting to stabilize.

Crude oil prices are on the rise again as rising European gas prices are shifting consumption patterns to cheaper alternatives. A looming gas crisis in Europe is already driving substantial gas-to-oil replacement demand, the IEA said on Thursday.

The 6M Euribor increased with 3 basis points to 0.77% compared to previous business day. The 10Y Swap increased with 7 basis points to 1.83% 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.