Market Information Thursday 15 September 2022

World stocks declined on Wednesday as markets braced for an even more aggressive U.S. Federal Reserve to tame inflation. The yen jumped as Japan gave its strongest signal yet that it could act to shore up the weak currency, subsequently the yen rallied over 1%, pulling away from recent 24-year lows versus the dollar.

The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago, Mortgage Bankers Association (MBA) data showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate sensitive housing sector. The Federal Reserve pushes on with aggressively lifting borrowing costs to tame high inflation.

The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies. European gas and power prices have rocketed this year as Russia cut fuel exports to retaliate for Western sanctions over its invasion of Ukraine, leaving many struggling to pay bills and utilities grappling with a liquidity crunch.

The 6M Euribor increased with 5 basis points to 1.54% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.54% 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.