ted-spreads difference between interbank rates and government bond rates (ted-spread)
DESCRIPTION
TED-spreads Difference between interbank rates and government bond rates (TED-spread). BNP Paribas. Lehman Brothers. Secure liquidity prior to the year-end. Bear Sterns. Outcome up to 16 January. Sources: Reuters Ecowin and the Riksbank. - PowerPoint PPT PresentationTRANSCRIPT
0
50
100
150
200
250
300
350
400
450
500
Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09
0
50
100
150
200
250
300
350
400
450
500Euro area
USA
Sweden
TED-spreadsDifference between interbank rates and government bond rates (TED-spread)
Sources: Reuters Ecowin and the Riksbank
Outcome up to 16 January.
Lehman Brothers
Bear Sterns
Secure liquidity prior to the year-end
BNP Paribas
Exports as a proportion of the total balance of resourcesPer cent
0
10
20
30
40
50
90 92 94 96 98 00 02 04 06
5-year ratesPer cent
Note: Refers to government bonds with approx. 5 years remaining maturity
0.00
1.00
2.00
3.00
4.00
5.00
6.00
01 January 2008 01 April 2008 01 July 2008 01 October 2008 01 January 20090.00
1.00
2.00
3.00
4.00
5.00
6.00
Sweden Euro area (Germany) US
Stock marketsIndex: 31 December 2008 = 100
50
60
70
80
90
100
110
120
01 January 2008 01 April 2008 01 July 2008 01 October 2008 01 January 200950
60
70
80
90
100
110
120
Sweden (OMXS) Euro area (EuroStoxx) US (S&P 500)
Purchasing Managers Index (PMI)Index = 50, unchanged activity
20
30
40
50
60
70
80
1997 1998 19992000 2001 2002 2003 2004 20052006 2007 2008
20
30
40
50
60
70
80
Euro area USA Sweden
The Riksbank’s balance sheet totalASSETS 30 June 2008 31 december 2008 ChangeGold 26 30 4Foreign currency reserve 158 200 42Lending in USD 0 196 196Lending in SEK 4 266 262Other assets 4 7 3Total 192 700 508
LIABILITIESBanknotes and coins 108 112 4Fine-tuning 0 207 207Riksbank Certificates 0 49 49Liabilities to Fed 0 189 189Equity 59 59 0Other 25 84 59Total 192 700 508
Policy ratesPer cent
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
01 January 2008 01 April 2008 01 July 2008 01 October 2008 01 January 20090.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
Sweden Euro area US
Reporate and mortgage ratesPer cent
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
01 January2005
01 January2006
01 January2007
01 January2008
01 January2009
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
SBAB 3 month rate Mortgage rate 3 months Repo rate
TCW-indexIndex: 18 November 1992 = 100
120
125
130
135
140
145
150
01 January 2000 01 January 2002 01 January 2004 01 January 2006 01 January 2008120
125
130
135
140
145
150
TCW index