Market Information Tuesday 20 August 2019

Final figures from Eurostat show that inflation in the Eurozone in July decreased to 1% annually, compared to 1.3% in June. In the entire European Union, inflation decreased to 1,4% annually compared to 1.6% in June.

The Dutch State Treasury Agency (DSTA) reports that the Dutch state has collected EUR 1.5 billion with the reopening of a short-term bond. The state intended to raise between EUR 1 billion and EUR 2 billion. The bond yields -0.66%.

The German central bank warns in a monthly report for a possible recession in Germany in the third quarter of 2019. A recession occurs when the economy shrinks for two consecutive quarters. After a reported 0.1% decrease of the German GDP in the second quarter, the German central bank predicts that GDP could continue to ‘fall slightly’.

The 6M Euribor decreased with 2 basis points to -0.43% compared to previous business day. The 10Y Swap increased with 8 basis points to -0.25% 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.