Market Information Thursday 20 May 2021

The European Central Bank (ECB) is concerned about the developments on the crypto markets, but does not consider them a threat to the financial stability of the eurozone, according the May Financial Stability Review published by the ECB on Wednesday. Since crypto coins are still hardly used for payments, and institutions in the eurozone have little exposure to financial instruments linked to crypto, the risk to financial stability is limited at the moment.

Federal Reserve officials are increasingly suggesting that the US central bank (Fed) is waiting for the right time to change its monetary policy. Two Fed officials reported on Wednesday that the central bank is closely monitoring economic development and will be adjusting its monetary policy if necessary.

Unemployment in the Netherlands continued to decline in April, according to figures from Statistics Netherlands on Thursday. Unemployment decreased to 3.4% in April, equivalent to 316,000 unemployed. In March the unemployment rate was 3.5%. Over the past three months, the number of unemployed decreased by an average of 7,000 per month.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap is unchanged at 0.19% 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.