Market information Thursday 4th of June 2015

The Federal Reserve presented the Beige Book yesterday. Seven of the twelve districts reported a modest to moderate economic growth during the period April-May. The labor market however is growing substantially. Pay roller ADP reported a growth of 201,000 new jobs in the private sector in May. The official figures will be presented by the Department of Labor on Friday.

The Organization for Economic collaboration and Development (OECD) forecasts the Dutch economy will grow by 2% this year and by 2.2% in 2016. This is higher than the 1.4% growth in 2015 and 1.6% growth in 2016 presented last November by the organization.

Prior to talks about the Greek debt crisis this week, Euro group President Jeroen Dijsselbloem said he is not expecting it will lead to an agreement to emergency funding. Dijsselbloem was supposed to talk to both EC president Jean-Claude Juncker and Greek Prime Minister Alexis Tsipras in Brussels last night.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap increased by 18 basis points to 1.21%.

In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: update@zanders.eu.