Euro money market statistics: second maintenance period 2019
- Daily average borrowing turnover in the unsecured segment increased from €124 billion in the first maintenance period of 2019 to €127 billion in the second
- Weighted average overnight rate on borrowing transactions in the unsecured segment decreased from -0.41% to -0.42% for the wholesale sector and increased from -0.41% to -0.40% for the interbank sector
- Daily average borrowing turnover in the secured segment remained unchanged at €349 billion, with a weighted average overnight rate of -0.48%
In the latest maintenance period, which started on 13 March 2019 and ended on 16 April 2019, the borrowing turnover in the unsecured segment averaged €127 billion per day. The total borrowing turnover for the period as a whole was €3,180 billion.
Borrowing from credit institutions, i.e. on the interbank market, represented a turnover of €273 billion, i.e. 9% of the total borrowing turnover, and lending to other credit institutions amounted to €203 billion. Overnight borrowing transactions represented 51% of the total borrowing nominal amount. The weighted average overnight rate for borrowing transactions was -0.40% for the interbank sector and -0.42% for the wholesale sector, compared with -0.41% in the previous maintenance period.
In the latest maintenance period, the borrowing turnover in the secured segment averaged €349 billion per day, while the total borrowing turnover for the period as a whole was €8,731 billion. Cash lending represented a turnover of €7,716 billion and the daily average amounted to €309 billion. Most of the turnover was concentrated in tenors ranging from overnight to up to one week, with overnight transactions representing around 22% and 23% of the total nominal amount on the borrowing and lending side respectively.
The weighted average overnight rate for borrowing and lending transactions was, respectively, -0.48% and -0.49% for the wholesale sector, compared with -0.49% and -0.50% respectively in the previous maintenance period.