On Thursday evening at 6:30 Finnish time, the interest rate on the ten-year government bond of the United States was down 2.4 percentage points, the interest rate on the two-year loan was down 1.5 percentage points.
However, US yield curves twitched upwards as markets weighed the latest purchasing managers’ indexes and indications that the US labor market has remained quite resilient.
In the week before December 28, 211,000 new unemployment compensation applications were submitted. A forecast compiled by Bloomberg expected 221,000 copies. The previous week’s reading was refined from the previously reported 219,000 to 220,000.
The number of unemployment compensation applications for the last full week of December was the lowest for eight months. During the holiday season, the figures may deviate slightly from the broader trend, so you should not draw too many conclusions from the figures for that week.
In the euro area, interest rates on government bonds were mainly falling. The interest rate on the German ten-year government bond decreased by 1.2 percentage points, the interest rate on the two-year bond decreased by 1.2 percentage points.
France, another major eurozone economy, deviated from the line. The interest rate on the French ten-year government bond was 0.6 percentage points higher, as were other longer interest rates. France’s two-year interest rate was down 0.9 percentage points.
In the foreign exchange market, the euro and the British pound weakened widely against other major currencies, while the Australian and New Zealand dollars strengthened across the board.
At 5:40 p.m., the euro fetched 1.03 dollars, 0.83 pounds and 11.45 Swedish kronor. The dollar gave 0.97 euros, 0.81 pounds and 157.00 Japanese yen.
Source: www.arvopaperi.fi
