Market Information Thursday 18 February 2021

Many Dutch companies are unlikely to be able to repay the high tax debt they accrued during the corona crisis. For this reason, it is expected that many companies will go bankrupt. Since the start of the crisis, extensive use has been made of the tax deferral options. By the end of 2020, EUR 13.2 billion in tax deferments had already been granted, and the scheme will run until the end of June. The Ministry of Finance indicates that there is a generous repayment scheme for entrepreneurs, lasting approximately three years.

A coalition of 34 organizations active in the fields of housing, construction, care and welfare calls on the cabinet to invest heavily in tackling the housing shortage and improving the living environment. The coalition includes Aedes, Bouwend Nederland and the Association of Dutch Municipalities (Vereniging van Nederlandse Gemeenten). The coalition, for example, calls on the government to increase the housing impulse announced in 2019 (2020-2023) to EUR 2 billion per year.

Retail sales in the United States increased the most since seven months in January 2021. Sales increased by 5.3% compared to December. Sales are mainly driven up by the new support measures for households.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 2 basis points to -0.04% 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.