Market Information Wednesday 8 February 2023

The United States exported less in December, while imports rose. This was revealed Tuesday by figures from the US Department of Commerce. Exports fell 0.9% in December to $250.2 billion, while imports rose 1.3% to $317.6 billion. The U.S. trade deficit thus increased 10.5% in December to $67.4 billion. In November, the deficit was still $61.0 billion.

On Tuesday, the Netherlands raised nearly 6 billion euros with a long-term loan. The bond, maturing on July 15, 2033, raised 5.99 billion euros. The long-term loan has a yield of 2.50 percent. The Netherlands aimed to raise 4 to 6 billion euros with the reopening.

The European Central Bank said on Tuesday it would cut the maximum rate it pays on deposits held by governments to give them an incentive to redeploy that cash into the economy. Starting on May 1, the ECB will cut the deposit rate to Euro Short-Term Rate (ESTR) minus 20 basis-points.

The 6M Euribor is unchanged at 3.01% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.90% 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.