Market Information Wednesday 11 May 2022

The Federal Reserve Bank of Ney York’s quarterly household debt report showed that U.S. household debt rose to a record USD 15.84 trillion in the first quarter driven almost entirely by a USD 250 billion increase in home loan balances. Mortgage debt climbed to USD 11.18 trillion at the end of March, and now accounts for 71% of total household debt, the highest share in roughly a decade.

Yesterday morning, TerraUSD’s price fell below USD 0.70, while it is a stablecoin that should always hold a price of USD 1. This led to panic on crypto markets, where the price of bitcoin fell below USD 30,000, its lowest point in ten months.

Inflation in the Netherlands rose slightly less rapidly in April than in March, the CBS announced. Consumer goods and services were 9.6% more expensive in April than a year earlier. In March the monetary devaluation was 9.7%.

The 6M Euribor increased with 3 basis points to -0.18% compared to previous business day. The 10Y Swap decreased with 8 basis points to 1.87% 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.