Market information

Thursday, February 18, 2010

Wednesday, the Organization for Economic Co-operation and Development (OECD) published quarterly figures regarding the economic growth of the biggest developed economies. The gross national product of the United States and Japan increased the most, respectively 1.4% and 1.1%. In the eurozone, growth dropped from 0.4% in Q3 to 0.1% in Q4. Over whole 2009 the gross domestic product of the OECD-countries is lower than the year before. On a yearly basis, it decreased 0.7% against a decline of 3.7% in the third quarter of 2009.

On Februari 23, the Dutch state reopens two loans to raise EUR 2 bln. This concerns a loan with maturity date 2012 and a coupon rate of 2.5%, and a loan with maturity date 2016 and a coupon rate of 4%. In 2009 the government raised for almost EUR 240 bln using sovereign bonds and short term loans. The Dutch government needs extra funds to finance its expenses. In 2008 the government collected EUR 160 bln.

China decreased its interest in American state bonds in December with USD 34.2 bln to USD 755.3 bln. Before the country announced to have its doubts about the improving amounts which America lends on the financial markets in order to finance the government budget deficit. The biggest shareholder of American governmental debt is Japan, which increased its share with 1.5% to USD 768,8 bln in December 2009.

The 6M Euribor increased with one basis point to 0.97%. The 10Y Swap remained unchanged on 3.42%.

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