Market information

Wednesday, November 16, 2011

Today, the Greek parliament will probably express its confidence in the new cabinet of the Greek Prime minister Papademos. The recently sworn prime minister and former president of the Greek Central Bank has three months to save its country from bankruptcy. Also, the new economic program has to be implemented in order to change the Greek economy.

Interests on European bonds show a divergent development. Investors seem to invest mainly in German government bonds and they try to get rid of government bonds from other European countries. Next to the increase in the ten-year Italian rate (+ 28 basis points), also the Belgian (31 bps), Austrian (+22 bps) and French (26 bps) rates increased. The interest rate on two-year and five-year Dutch government bonds increased with 22 and 21 basis points respectively.

Encouraging figures on the U.S. economy yesterday provided some support to the US-stock market. The Dow Jones gained 0.14% points and the S&P 500 closed 0.48% higher. European stock markets did not do as well; the AEX lost 1.3% and the Midcap decreased 1.4%. Investors in Tokyo were more concerned about the European interest rate developments; the Nikkei closed 0.9% lower.

The 6M Euribor remained unchanged at 1.69%. The 10Y Swap increased by 6 basis points 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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