Market information

Thursday, May 06, 2010

For the second consecutive day the financial markets were subject to heavy losses on the equity and bond markets. The Greek debt crisis impacts the euro, where it is expected that the crisis will infect other South European countries.

The euro decreased in two days over 2% to $ 1.29, the lowest point since March last year. In December last year the euro was at record height at $ 1.50.

Euro government bonds from different countries were heavily subject to losses Wednesday. Where Moody’s announced yesterday that it intends to consider a downgrading of Portugal of two notches. The interest rate on two year Portuguese government debt rose by 90 basis points to 5.37%.

With the flight from South European debt, demand for loans from creditworthiness countries like Germany and the Netherlands increases. As a consequence the Dutch interest rate on ten years government debt fell Wednesday to 3.06%.

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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