The Rabobank states that the gap on the housingmarket between the cheapest and most expensive region has increased. In the pre-crisis period, a house in the province of Groningen was on average 100,000 EUR cheaper than in the province of North-Holland. In the second quarter of 2019 this difference has increased to 174,000 EUR.
The yield on the 10-year Italian government bond decreased yesterday. Investors were relieved that credit rating agency Fitch decided to keep the credit rating of Italy at BBB. At the end of the day, interest on the Italian 10-year government bond was 1.72%, eight basis points lower than at the start of the day.
The European Committee has started an investigation into illegal dumping of cheap steel on the European market by Asian companies. The Committee decided to start the investigation after specific complaints were submitted by interest group Eurfor. If the accusations are found to be true, the EU can increase import tariffs or impose fines on Asian steelmakers.
The 6M Euribor decreased with 1 basis point to -0.40% compared to previous business day. The 10Y Swap is unchanged at -0.13% 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.
Managed by Sluijmer Multimedia and hosted by True.