Market information
Friday, May 21, 2010
Figures published yesterday by the Conference Board shows that the U.S. index of leading indicators in April for the first time in more than one year has decreased. The index fell 0.1% in April after an increase of 1.3% in March. Economists expected an increase of 0.2%. The figure is seen as an indicator for the U.S. growth in the next three to six months. The U.S. Department of Labor presented a disappointing figure as well. The number of new unemployment claims in the U.S. unexpectedly rose last week. The number of new benefit claims rose in the week ended May 15 by 25,000 to 471,000, economists expected a decline of 4,000. The Dow Jones closed last night with a loss of 3.6%. Ongoing turmoil drives investors away from shares to bonds of relatively safe countries. Consequently, the German and Dutch interest rates reached yesterday a new record low. The Dutch ten years government yield is at a postwar low of 2.90%. The 6M Euribor increased by 1 basis point to 0.99%. The 10Y Swap decreased by 2 basis points to 3.03%. 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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Economic view
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