Market Information Thursday 4 July 2019

The European Committee will not take disciplinary measures against Italy for violating the European budgetary regulations. The committee decided so after the Italian government took additional measures to reduce the budgetary deficit with an extra EUR 7.6 billion.

Since yesterday 8 a.m., the yield on Belgian 10-year government bonds has dropped below zero. This morning around 8.30 a.m. a new all-time low of -0.048% was reached. The decreasing yield is caused by increasing demand for Belgium bonds, which are seen as safe investments.

Payroll processor ADP reports that in June, employment in the US increased less than expected. A growth of 102,000 jobs was reported, where a growth of 140,000 was expected. Compared to May the increase in jobs in June was much higher, when a growth of 41,000 jobs was reported.

The 6M Euribor decreased with 2 basis points to -0.33% compared to previous business day. The 10Y Swap decreased with 4 basis points to 0.11% 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.