Monthly review for commercial paper and medium-term note market - July 2022

Published on 15 August 2022

The total outstanding amount of the NEU CP and NEU MTN markets was €286.8 billion in July after €282.2 billion in June. The market increase was mainly driven by financial and corporate issuers (+€4bn and +€3.8bn). The NEU MTN segment was down (-€1.2 bn).
The downward trend in financial issuers' rates continued in July on maturities above 3 months.
Corporate rates rose (+24 bps) on the 3-month pillar due to the increase in the ECB's key rate. Rates were stable on the 1-month pillar and rose sharply on the longest maturities, but in reduced issue volumes.

Updated on 24 October 2023