ECU-EMS information. 2 1994 Monthly

Eurostat

Description

Theme 2 ISSN 1011-0844 Economy and finance Series Β Short-term trends ECU-EMS information Commission ecu yield curve 16/02/1994 ■ • ^—— 6.20 ■ 'y' ' E -O 6.00 S • ' > ' ' sS" 5.80 · • 2 3 4 5 6 7 β 9 10 Maturity (Years ) Eurostat has decided to publish a new product from 1 March 1994, Credit and Investments, and Eurostat, should further the the Commission ecu yield curve. understanding of market mechanisms. An evaluation improvements procedure is built in to the model to ensure that the model can be The curve portrays the interest-rate structure ol maturities ranging adapted in response to future conditions. from 1 to 10 years and is based on highest-quality sovereign issues (triple A) of at least ECU 500 million with very high liquidity (bid-offer Some financial institutions publish portfolio-based ecu indices in spread less than 50 basis points). The curve is calculated by fitting order to provide return indices lor investors. The yield curve is a by regression the function selected (whose form is constant) to the complementary product which satisfies a different need and adds to values provided by the ISMA (International Securities Market the range of analysis tools available for the ecu. Association). These values reflect the bid-offer prices of a The Commission curve shows a yield for each maturity, allowing comprehensive range of financial institutions.

Sujets

• Economie gestion

Informations

• Publié par: EUROSTAT
• Nombre de lectures: 7
• Langue: English

Extrait