Market Information Monday 15 June 2020

A report by KPMG and VU University shows that the Dutch economy can save € 123 billion in the next two years if the Netherlands fights the corona virus more actively. Researchers say that the “maximum control” that the Netherlands maintains has worked well so far. However, if it follows for example the approach of Denmark, Austria or South Korea, it can save much more money in the coming two years. According to the researchers, the current test and source and contact research should be increased. In addition to the economic benefits of a more active approach, they argue that potentially 50,000 fatal corona victims can be prevented.

The president the of European Central Bank Christine Lagarde has informed Italian policymakers that Italy needs to reform the stagnant economy so that it can find its way back up after the outbreak. “My institution, the ECB, will play its part within its mandate. But it’s up to the policymakers to show citizens that our societies are reviving stronger and greener after this transformation, “Lagarde said during a video conference.

Corporates and households in the United States must take into account long-term problems resulting from the corona crisis. That warning can be read in a biennial monetary policy report that the Federal Reserve, the US system of central banks, sent to Congress on Friday. The Fed identifies “persistent vulnerabilities” in companies and households and reports that the path ahead is extremely uncertain.

The 6M Euribor increased with 1 basis point to -0.18% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.12% 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.