Until October this year, 29,9 EUR billion worth of bundled risky corporate loans were put on the market in Europe by investment funds and private equity firms. This form of debt hasn’t reached these levels since the financial crisis. According to analysts, the search for yield explains the increased demand for these products.
An action plan published by China on Tuesday does not set any major goals to reach carbon neutrality by 2060. The world’s largest emitter wants to grow its energy consumption until about 2030, after which it aims to become climate neutral. The action plan formulates targets for the first time, including the amount of energy that hydropower must generate by 2025. It is still unclear whether Chinese President Xi Jinping will travel to Glasgow for the 26th UN climate summit that begins Sunday.
U.S. consumer confidence unexpectedly rose in October as concerns about high inflation were offset by improving labor market prospects, the Conference Board announced. This suggests that economic growth picked up early in the fourth quarter, while consumer confidence had been decreasing for three straight months.
The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap decreased with 1 basis point to 0.27% 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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