Market information
Tuesday, January 17, 2012
Rating agency Standard & Poor's has lowered the creditworthiness of the European bailout fund EFSF from AAA to AA +. The rating of the EFSF was cut following the downgrade of 9 European countries last Friday. Currently, only 4 of the 17 countries which guarantee the EFSF have a credit rating of AAA.
In the last quarter of 2011, the Chinese economy has grown by 8.9% compared to the last quarter of 2010. The growth figure of the Chinese economy exceeded the forecasted growth rate of 8.7%.
Today the European Statistical Office Eurostat will publish a first estimate for the Euro zone inflation rate in December 2011. Analysts expect an inflation of 2.8% year on year. In November 2011 the inflation in the Euro zone was still 3.0% year on year. The European Central Bank aims to keep inflation below, but close to 2% on a yearly basis.
The 6M Euribor decreased by 1 basis point to 1.50%. The 10Y Swap increased by 2 basis point to 2.26%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address).
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