Market information

Tuesday, May 11, 2010

The EU emergency plan of EUR 750 bln and the purchase of government bonds issued by financial weaker euro countries by the ECB yesterday, led to a rally on the stock markets worldwide. The AEX index closed 7.3% higher and the Dow Jones increased by 3.9%. Banks in particular increased in value, for example ING rose by 24.69%.

On the sovereign bond market, yields on sovereign debt of financially weak euro countries like Ireland, Portugal and Greece dropped significantly. The yield on Greek two-year debt is now 7.61%, compared to 19.13% at the end of Friday. Yield on sovereign bonds of financially stronger countries like the Netherlands, Germany and France went up by several basis points.

The euro however barely increased. The currency peaked around USD 1.3094 yesterday morning, but dropped back to USD 1.2810 at the end of the day. Friday the euro noted USD 1.2705.

German export in March rose by 10.7% compared to the previous month. The German trade surplus amounted to a total of EUR 17.2 billion in March. The German export strongly benefits from the recovery of the growth in Asia.

The 6 month Euribor remained unchanged at 0.98% and the 10 year Swap increased 1 basis points to 3.15%.

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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