Market Information Wednesday 14 April 2021

European countries are currently issuing bonds with longer dated maturities. For example, this week the Netherlands launched a fifteen-year bond for the first time in more than two decades, and both the United Kingdom and Austria issued a bond with a period of fifty years.

The European Central Bank (ECB) has asked major banks to disclose their exposure to hedge funds. A normal procedure following disruptive events in financial markets, like the substantial loss Credit Suisse has reported. The investigation will need to determine how much risk banks intend to take regarding hedge funds.

The Supreme Court in the Netherlands has ruled against a claim of thousands of foreign investment funds. They claimed a refund of dividend tax withheld from profit distributions from the Netherlands, which could lead to substantial payments of the state to these funds. However, the highest tax judge did not agree.

The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.05% 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.