Market Information Wednesday 16 November 2022

The Dutch economy contracted slightly by 0.2 percent in the third quarter compared to the second quarter. Investment fell 1.7 percent quarter-on-quarter in the third quarter. Furthermore, government consumption fell fractionally, while households spent 0.1 percent more than in the second quarter of 2022. Exports and imports of goods and services rose 0.9 and 1.0 percent, respectively.

The euro continues to rise against the dollar. The Euro traded around $1.04 on Tuesday, after the currency benefited not only from a beneficial U.S. inflation figure that came out as early as Thursday, but also from diminishing risks surrounding the war in Ukraine, the corona crisis, container prices and China.

Trading in the Japanese bond market, one of the largest in the world, has come to a halt several times in the past month. The Bank of Japan (BoJ) has been conducting interventions in the 10-year market for some time to keep interest rates from rising above 0.25%. These interventions should stimulate the economy, which unexpectedly contracted in the third quarter. Because of these large-scale interventions, interest rates do not reflect real interest rates.

The 6M Euribor increased with 5 basis points to 2.34% compared to previous business day. The 10Y Swap decreased with 6 basis points to 2.81% 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.