Market information

Monday, January 18, 2010

Data of Eurostat shows a less then expected trade surplus of the Euro zone in November 2009. In November the trade surplus was Euro 2,8 billion, against a deficit of Euro 7.0 billion in November 2008. Surveyed economists expected a surplus of 7.0 billion.

Data published last Friday shows that the American consumer confidence increased slightly in January. The index increased from 72.5 in December to 72.8 in January, surveyed economists expected an increase to 74.0. Moreover ,the inflation expectation figure for the next 12 months was published. The inflation expectation among American consumers was 2.8% in January, the inflation expectation in December was 2.5%.

Bloomberg conclude, based on their database, that the market for high-yield corporate bonds has the strongest start over 20 years. Last week ,companies spend at least USD 4.95 billion, compared to USD 3,19 billion previous week. Mid last year began heavy issuing of high-yields corporate bonds. Since last summer the outlook for high returns on high-yield corporate bonds attracks investors, after a very calm period during the crisis.

The 6M Euribor equals 0.98% and the 10Y Swap decreased with 2 bp to 3.47%.

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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