Market Information Monday 8 February 2021

US Treasury Secretary Janet Yellen announced that US employment could return to pre-crisis levels next year if there is a strong corona support package. If the package of measures is too weak, the country risks a much slower recovery in employment and the economy, she says. “Without adequate support, it could take until 2025 for the US labour market to recover.”

UK Sunday newspaper The Observer reports that UK exports to the European Union fell more than two-thirds in January from the same month a year ago, based on data from the UK transport industry association. The decline is not only due to the corona pandemic but is largely due to additional paperwork and controls that are needed as the UK is no longer part of the European single market.

According to the chairman of the International Monetary Fund (IMF), Kristalina Georgieva, the gap between rich and poor countries will only widen in the near future as advanced economies have better access to corona vaccines. “If unequal access to vaccines is not addressed, many countries in the world could experience social unrest and a decade of lost growth and progress remains,” the chairman said.

The 6M Euribor decreased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap increased 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.