Market information Thursday, February 11, 2016

Federal Reserve Chair Janet Yellen eased investor concerns about the capacity of the US economy to absorb a gradual rise in interest rates. Yellen told Congress she does not expect the central bank to reverse the rate hike program that was started in December. Even though she acknowledged tightening financial conditions and uncertainty about China as a possible threat to the US economy.

Industrial output data of December 2015 for Great Britain, France and Italy set back expectations of economic growth across Europe in 2016. Great Britain experienced the highest monthly fall in industrial production with 1.1% since September 2012. France endured the sharpest monthly drop in industrial production with 1.6% since May 2014. Italy’s industrial output declined with 0.7%.

West Texas Intermediate rallied, for the first time in five days, towards $29 as rumours spread about a possible glut counteraction by producers, as well as an unexpected fall of 754,000 barrels in US crude inventories. However, the upward trend lasted shortly as OPEC data showed a larger than expected oil supply glut and caused the lowest price of US crude oil ($27.03) in three weeks.

The 6M Euribor remained unchanged at -0.11%. The 10Y Swap decreased with 4 basis points to 0.58%.

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