The European Commission plans to enter the capital markets with green bonds starting October. Until the end of 2026, the executive board of the European Union aims to issue up to EUR 250 billion of green bonds. This would make Brussels the world’s largest issuer of green bonds. The proceeds will be allocated to the EUR 800 billion EU recovery fund.
Chinese exports increased more than expected in August. The Asian country’s customs reported on Tuesday morning that exports were at USD 294 billion, a record amount and just over a quarter above the level of a year earlier. Imports also rose sharply, by a third to USD 236 billion. The trade surplus amounted to USD 58 billion.
On average, the capital requirements for banks in Europe are still too low, but that is not the case for Dutch institutions. The Dutch banks maintain higher buffers than would be optimal. This follows from research by four economists from the Central Planning Bureau that was published on Tuesday in economists’ magazine ESB.
The 6M Euribor is unchanged at -0.52% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.03% 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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