Market information Monday May 9th 2016

The credit rating agency Fitch has confidence in the Dutch economy, and rated Dutch long-term government bonds AAA, the highest possible rating. The agency expects a stable outlook for the Netherlands, and an annual growth of the Dutch economy of 1.8%.

The Chinese government published figures that show that both the import and export in China, measured in US dollars, have decreased. Imports decreased by 10.9% and exports fell by 1.8%, compared to the same period in 2015. This results in a total trade surplus of USD 45.6 billion. However, measured in China’s own currency, the Yuan, exports increased by 4.1% compared to April 2015. This difference is due to the weakened position of the Chinese currency.

Sunday the new minister of the oil portfolio in Saudi Arabia, Khaled al-Falih, announced that the country is not going to change its oil production level. Following the policy of the former oil minister, Saudi Arabia produces amounts of oil that lead to the current overproduction in an attempt to deal with competition. As a result of this policy, oil prices decreased to USD 30.00 per barrel in the beginning of this year.

The 6M Euribor remained unchanged at -0.14%. The 10Y Swap increased with 2 basispoints at 0.56%.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: