Market Information Thursday 12 March 2020

US President Donald Trump has announced a travel ban for all European citizens into the United States. The ban will take effect from midnight on Friday and will be valid for a period of 30 days. The measures do not apply to residents of the United Kingdom. Americans can also still enter the US after being thoroughly checked. The measures do not cover freight traffic between Europe and the US.

At a special meeting, the Bank of England announced yesterday to cut its key interest rate by 50 basis points to 0.25%. In addition, the BoE also announced a new financing plan for small and medium-sized businesses. According to the central bank, lower interest rates may support consumer and business confidence as it is under pressure from the corona virus outbreak.

The Agency of the General Treasury of the Ministry of Finance (DSTA) has announced that the Dutch state wants to raise EUR 2 billion to 4 billion next Monday with the reopening of two short-term loans. The first loan runs until May 29, and currently has approximately EUR 2.5 billion outstanding. The second loan matures on August 28, and currently has EUR 1 billion outstanding.

The 6M Euribor decreased with 2 basis points to -0.44% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.26% 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.