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

Published on the 18th of July 2022

The total outstanding amount of the NEU CP and NEU MTN markets was €282.2 billion in June after €280.7 billion in May. The market increase was mainly driven by the NEU CP segment (+€2.6bn), with an increase in financial issuers (+€2.4bn). The NEU MTN segment is down (-€1.1 bn).
The downward trend in financial issuers' rates continued in June on maturities above 3 months.
Corporate rates rose slightly (+15 bps) on the 3-month pillar, where issuance fell sharply after record 10-year issues the previous month. Rates were stable on the 1-month pillar and rose sharply on the longest maturities, but in reduced issue volumes.

Updated on the 25th of July 2024

Banque de France - Menu Principal