Market Information Wednesday 4 January 2023

Argentina’s economy ministry managed to extend the maturities of around 3 trillion pesos ($16.8 billion) in debt following a debt swap that saw a lot of interest from banking entities. The bonds, which would mature in the first quarter of 2023, were extended to different dates later this and next year, the ministry said in an internal report.

Oil prices edged lower in volatile trading on Tuesday as weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar weighed. Brent crude futures fell $1.07, or 1.25%, to $84.84 a barrel by 1447 GMT. U.S. West Texas Intermediate crude was down $1.15, or 1.43%, at $79.11, having shed more than $2 earlier in the session.

Consumer prices in Germany rose slightly less than expected in December. This was revealed on Tuesday by preliminary figures from German statistics agency Destatis. On an annual basis, prices rose 8.6 per cent in December after rising 10.0 per cent in November and 10.4 per cent in October. Economists had forecast inflation of 8.8 per cent for the last month of 2022. In December, prices fell 0.8 per cent compared to November.

The 6M Euribor increased with 4 basis points to 2.73% compared to previous business day. The 10Y Swap decreased with 8 basis points to 2.99% 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.