Market Information Wednesday 21 December 2022

The Bank of Japan adjusted its monetary policy that could push long-term interest rates higher. The BOJ on Tuesday decided to let the yield on 10-year bonds move in a wider band of 50 basis points either side of the 0% target, against expectations of no change at the policy meeting.

The Spanish government will ask the European Union for loans worth 84 billion euros ($89.1 billion) and another 7.7 billion euros in grants as part of the COVID-19 recovery package, Economy Minister Nadia Calvino said on Tuesday. The cabinet estimates that EU grants and loans will contribute an average of 2.6 percentage points to gross domestic product annually through 2031.

Consumer confidence in the eurozone continued to improve in December. This was revealed on Tuesday by preliminary figures from the European Commission. The index, which reflects confidence, improved from -23.9 in November to -22.2 this month.

The 6M Euribor increased with 2 basis points to 2.59% compared to previous business day. The 10Y Swap increased with 10 basis points to 2.94% 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.