Market Information Monday 16 December 2019

China and the United States (US) have agreed the first phase of a trade deal on Friday. As part of this agreement, the US suspended tariffs that were planned on USD 160 billion Chinese imports that were set to take effect Sunday. Donald Trump indicated that negotiations on a “phase 2 deal” will start immediately.

The Dutch State will borrow less next year than previously expected. This was reported by the Dutch State Treasury Agency (DSTA) of the Ministry of Finance on Friday. The total funding requirements in 2020 amounts to EUR 42 billion. In September, the DSTA expected that EUR 45.6 billion of financing had to be attracted. This year, the government issued green bonds for the first time. In 2020 the DSTA expects to issue EUR 2 billion of green bonds.

Last Friday, the Russian central bank decreased interest rates for the fifth time in a row. The interest rate decreased by a quarter of a percentage point, to 6.25%. Russia is struggling with slow economic growth and weakening inflation. The Russian Ministry of Economic Affairs expects inflation to decrease further in January to around 2.5%, far below the target of 4.0%.

The 6M Euribor is unchanged at -0.34% compared to previous business day. The 10Y Swap decreased with 3 basis points to 0.09% 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.