Market Information

Market information

Monday, August 30, 2010

In fear of the eurozone's withstand to the Global slowdown, this week the European Central Bank is expected to extend emergency support for eurozone banks until early next year. Even though eurozone growth is exceeding all expectations of the European Central Bank, the treat raising from the member countries suffering the most this year's crisis over public finances has enforced the central bank's cautious attitude.

Investors are preparing for a week of crucial economic data which might determine the Federal Reserve's next steps. Attention will mainly focus on latest US employment figures. Continuous raise of unemployment is one of the possible triggers for the Fed to continue with quantitative easing by purchasing billions of dollars of long term assets such as Treasury bonds in effort to stimulate the economy.

The 6M Euribor remained unchanged at 1.14%. The 10Y Swap increased with 4 basis points to 2.39%.

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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