Market information
Thursday, August 26, 2010
After the sharp decline in interest rates yesterday, capital markets seem to have stabilized for the moment. The 10Y swap is unchanged from yesterday and short term interest rates are stable.The euro declined versus the dollar and yen. According to analysts this decline is caused by continuing uncertainty about the credit worthiness of some peripheral euro zone countries. One example of this is the downgrade of Ireland’s rating by Standard & Poor’s.
Aside from the 27% decline in existing home sales in the United States, which was announced yesterday, new home sales also declined in July. Compared to June, home sales declined by 12.4%.
Orders for durable goods in the United States were disappointing. Analysts expected a rise of 3.0% from June to July but realized growth was 0.3%.
According to analysts these figures are an indication that a double dip is becoming more likely in the near future.
The 6M Euribor remains unchanged at 1.14% as is the 10Y swap at 2.38%.
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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