The International Monetary Fund (IMF) released its World Economic Outlook on Tuesday. In it, they lowered their expectations for global growth in 2022 by 0.8 percentage points to 3.6%. Furthermore, the IMF says central banks must act resolutely, given that high inflation in developed countries threatens to affect consumers and entrepreneurs.
U.S. 10-year treasury yields have risen to their highest point since 2018 and German ten-year yields are heading towards 1%. St. Louis Fed President James Bullard provoked bond markets in a speech on Monday, saying that the Federal Reserve should bring interest rates to 3.5% as soon as possible, where the range of policy rates currently is between 0.25% and 0.50%.
Russia’s central bank said on Tuesday that it had temporarily suspended the publication of external debt data. Foreign debt payments are a sensitive issue right now as Russia, hit by western sanctions against its financial system, teeters on the brink of a possible default.
The 6M Euribor increased with 1 basis point to -0.32% compared to previous business day. The 10Y Swap increased with 7 basis points to 1.64% 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.
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