Market Information Wednesday 29 December 2021

Yields on Italian government bonds have risen in recent weeks. Since the beginning of December, a bond with a ten-year maturity yields more than 4.3% more. According to Bloomberg, the average price of Italian government bonds fell by 2.1% this year. Uncertainty about the political unrest in the country plays a major role.

Gold scaled a one-month high as recent signs of rising inflation underpinned demand, although the metal gave up some early gains due to a firming U.S. dollar. Spot gold hit its highest price since 22 November. Yesterday, U.S. gold futures rose 0.3% to 1,814.50 USD. The lack of a rise in bond yields and building inflationary pressures are supportive factors for the gold market, said David Meger, director of metals trading at High Ridge Futures.

The National Statistics Institute (INE) said that Spanish retail sales rose 4.9% in November from a year earlier on a calendar-adjusted basis. Retail sales had fallen 0.7% in October from the same month a year earlier.

The 6M Euribor is unchanged at -0.54% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.25% 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.