Market information Friday November 27th 2015

On Thursday, yields on German five-year government bonds reached a record low at -0.197%. German ten-year government bonds had a yield of 0.48%. According to Bloomberg, yields have fallen because the market expects the European Central Bank (ECB) to announce further quantitative easing next week.

Yesterday, the European Commission (EC) warned Italy, France and Belgium. According to the EC, these economies are vulnerable to economic shocks as a result of high levels of public debt and low economic growth. Countries in the EU must have a public debt lower than 60% of gross domestic product (GDP). The EC expects the Belgian public debt to peak at 107.1% of GPD in 2016 and France to have a public debt of 97.4% in 2017.

Growth of the Spanish economy has decreased from 1.0% in the second quarter of 2015 to 0.8% in the third quarter. Despite the slowdown in growth, Spain has one of the fastest growing economies in the Eurozone. That is a result of low energy prices and low interest rates.

The 6M Euribor remained unchanged at -0.03%. The 10Y Swap increased by 1 basis point to 0.83%.

In the attachment, 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: