Market information
Monday, May 10, 2010
Last night, European finance ministers reached consensus on a rescue package for member states that can no longer meet their financial obligations. In total, the European Union rescue package entails EUR 500 billion. Next to the aid provided by the European Union, the International Monetary Fund (IMF) contributes EUR 220 billion to the rescue package. The Dutch government contributes EUR 26 billion.
In response to the announced rescue package the rate of the euro against the U.S. dollar appreciated to USD 1.298. Furthermore, both the Nikkei index and the Hang Seng index concluded the first trading day of this week positively.
After the sharp decline in long-term interest rates last week the Swap rates seem to recover sharply this morning. Compared to last Friday the 30Y Swap appreciated over 20 basis points and is 3.50% at the moment.
The 6 month Euribor remained unchanged at 0.98% and the 10 year Swap increased 4 basis points to 3.14%.
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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