Market Information Monday 21 September 2020

Within the European Central Bank (ECB) policymakers dividend policy of banks is being discussed. According to insiders, some of the central bank’s policymakers believe that an extension of the dividend ban does more harm than good to banks. However, there is still a group of policymakers which opposes resuming dividend payments. Based upon figures on the economy in the coming months, the ECB will in the fourth quarter decide on the dividend freeze at banks.

US consumer confidence in the economy increased further in September. The University of Michigan announced a consumer confidence level of 78.9. Economists generally expected that the indicator would be 75. Consumer confidence reached 74.1 in August.

The Dutch state wants to raise between 4 billion and 6 billion euros with a new long-term government bond. The Agency of the General Treasury of the Ministry of Finance (DSTA) announced on Friday that the auction will take place today. The coupon on the government bond with a maturity of January 15, 2052 is 0 percent.

The 6M Euribor is unchanged at -0.46% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.22% 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.