The Federal Reserve has announced that bonds of U.S. companies will be eligible for the purchase programme. For this purpose, the U.S. central bank is deploying an emergency lending program with a capacity of USD 250 billion.
The German government wants to raise another EUR 62 billion with the issuance of debt securities to finance the cost of measures to combat the corona crisis, according to press bureau Reuters. However, parliamentary approval is required for the extra issuance. The total issue of debt securities this year would amount to EUR 218 billion. Chancellor Angela Merkel’s cabinet will sign the supplementary budget on Wednesday, before it is submitted to parliament for approval.
Eurozone exports fell sharply in April due to the measures taken in many countries against the spread of the coronavirus. According to the European statistics office Eurostat, exports decreased with 29.3% compared to a year earlier. Exports from eurozone countries to other member states of the European Union were particularly hit.
The 6M Euribor decreased with 2 basis points to -0.20% compared to previous business day. The 10Y Swap decreased with 1 basis point to -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.
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