Market information
Wednesday, September 29, 2010
The Dutch political parties VVD, CDA and PVV have come to a coalition agreement yesterday. The outlines of the agreement are unknown. If the members of the parties agree it is expected that the House of Representatives finalize the agreement on Monday.
Yields on Irish and Portuguese sovereign debt have reached record heights on Tuesday. The yield on Irish ten year sovereign debt increased 17 basis points to 6.6%. The yield on Portuguese ten year sovereign debt rose 11 basis points to 6.4%. In comparison, the yield on German sovereign debt was 2.2% on Tuesday. The increasing yields on the Irish and Portuguese sovereign debt are the result of ongoing turmoil among investors about the economic developments of both countries.
Home prices in the United States increased 3.2% in July compared to the same period last year. Compared to June home prices dropped 0.1% in July. Continuing pressure on home prices remains as a result of the expiration of tax incentives imposed by the US government, the high unemployment rate and the growing number of people who are unable to meet mortgage obligations.
Both the 6 months Euribor and 10 years swap remained unchanged at 1.14% and 2.56% respectively.
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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