As a result of falling equity markets worldwide, shareholders seek safe havens. The ten-year yield on German government bonds fell to 0.49% yesterday. Earlier this year, this rate was at 0.63%. The interest rate on ten-year Dutch bonds also fell this year from 0.79% to 0.62%.
The average mortgage rates in the Netherlands for loans with a maturity of 5 years dropped for the first time under 2%. The average rate for a mortgage with a term of ten years is 25 basis points over the 1.99% for a five-year mortgage. The cause is the low interest rates on the money market and the capital market.
Due to the continued decline of the Japanese stock market yesterday, the market ended up in a bear market. The Nikkei index decreased with 21% since the peak of June 24th last year. The Japanese exchanges respond to concerns about Chinese growth.
The 6M Euribor decreased with 1 bp to -0.06%. The 10Y Swap decreased with 1 bp to 0.81%.
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: firstname.lastname@example.org.
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