Market information

Tuesday, November 08, 2011

On the bond markets, the yields keep rising on Italian government bonds. Yesterday, the interest rate on a ten-year Italian government bond rose to 6.66%. This is a new record high since the introduction of the Euro. The interest rates on Italian sovereign debt have reached the same level at which Greece, Portugal, and Ireland ultimately appealed to additional support. Meanwhile, the pressure on Prime Minister Berlusconi to resign is rising. Today the Italian parliament will vote on a new package of austerity measures.

Greece is still forming a government of national unity. Analyst expects that the new prime minister and successor of George Papandreou is announced today. The Ministers of Finance of the Euro countries have already demanded full commitment of the two major Greek parties to execute the austerity and reform package, as presented by the International Monetary Fund (IMF) and the Euro zone.

Despite all the negative reports from Europe stock markets in the United States gained. The S&P 500 index rose 0.63% to 1261.12 points. The Dow Jones index increased 0.71% and closed at 12,068.39 points. In contrast, the European stock markets closed at a loss yesterday. In Amsterdam the AEX index closed with a loss of 0.74% at 299.75 points.

The 6M Euribor remained unchanged at 1.70%. The 10Y Swap increased by 1 basis point to 2.50%.

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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