Market Information Wednesday 10 November 2021

According to a report released by the Federal Reserve Bank of New York, U.S. consumers are spending more and once again ramping up credit card balances. Balances were still USD 123 billion lower than they were at the end of 2019, however. In the second and third quarters, credit card debt rose by USD 17 billion.

Investing in green bonds means primarily investing in utilities. With 40% of green bonds issued by the utilities sector, exposure is almost four times that of the real estate or banking sector. The major absentee is the consumer products sector. The problem is that companies in this sector do not have specific green goals. Green borrowing is on average cheaper and because of that price advantage it will not be long before the supply increases.

U.S. producer prices increased substantially in October, driven by surging costs for gasoline and motor vehicles, suggesting that high inflation could persist for a while amid tight supply chains related to the pandemic. The Labor Department reported that the producer price index rose 0.6% last month after climbing 0.5% in September. In the 12 months through October, PPI increased 8.6% after a similar gain in September.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap decreased with 5 basis points to 0.09% 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.