House prices in the largest urban regions of the United States fell on a monthly basis in October and rose less sharply on an annual basis than in September. This was revealed Tuesday by Standard & Poor’s Case-Shiller figures. House prices in the 10 largest regions fell 0.7 percent on a monthly basis. On an annual basis, these prices rose 8.0 percent. However, that was down from 9.7 percent year-on-year in September. Home prices in the 20 largest regions rose 8.6 percent in October. That was 10.4 percent in September.
Hong Kong private home prices dropped 3.3% in November to the lowest since August 2017, official data showed on Wednesday, as its housing market is set to post the first annual drop since 2008. Prices in the Asian financial hub are weighed down by a weak economic outlook and rising mortgage costs, following a serious COVID outbreak at the beginning of the year. November’s fall in home prices came after a 2.7% drop in October. Home prices in Hong Kong have fallen 13.8% in the first 11 months of the year.
In the bond market, European government bonds continued to sell off on Tuesday. The 10-year Dutch interest rates rose to 2.81 percent, the highest level since August 2011 during the debt crisis. The 10-year yields of Spain, Italy and also Germany rose by 12 to 13 basis points to the highest levels in years.
The 6M Euribor is unchanged at 2.70% compared to previous business day. The 10Y Swap increased with 11 basis points to 3.17% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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