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Financial markets

Financial markets

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Financial markets

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  1. Financial markets

  2. Selection of interest rates in the US money marketper cent Chart 1:1 Source: Reuters EcoWin

  3. Difference between interbank rate and expected policy rateBasis points Note. In Sweden the spread is represented by the difference between 3 month Stibor and overnight index swap (STINA) rate Source: Bloomberg Chart 1.2

  4. Selection of interest rates in the euro area money marketper cent Source: Reuters Ecowin Chart 1.3

  5. Selection of interest rates in the Swedish money marketper cent Source: Reuters Ecowin Chart 1.3

  6. 10 year government bond yieldper cent Source: Reuters Ecowin Chart 1.5

  7. Total issued on the Swedish corporate bond marketSEK Million Source: Bloomberg Chart 1.6

  8. Credit spreads for corporate bonds in the US and the euro areabasis points Note. The spread between yield on corporate bond and the yield on corresponding goverenment bond Chart 1.7 Source: Reuters EcoWin

  9. Credit spread for high-yield corporate bonds in the US and the euro areabasis points Chart 1.8 Source: Reuters EcoWin

  10. Global default ratePer cent Chart 1:9 Source: Reuters EcoWin

  11. 2- and 5-year mortgage bond spreadthe difference between mortgage bond yield and government bond yield, basis points Source: Reuters Ecowin Chart 1.10

  12. Premiums in CDS indexbasis points Source: Reuters Ecowin & Bloomberg Chart 1.11

  13. Premiums in CDS for a selection of banks basis points Source: Bloomberg Chart 1.12

  14. Premia in the CDS-index for emerging marketsbasis points Source: Reuters Ecowin Chart 1.13

  15. Stock market developmentIndex, January 2007=100 Source: Reuters Ecowin Chart 1.14

  16. Implied stock market volatilityper cent Source: Bloomberg Chart 1.15

  17. P/E-ratios Source: Reuters Ecowin Chart 1.16

  18. Difference between mortgage bond yield and government bond yield basis points Represents the difference between mortgage bonds with maturity in June 2011 and government bond with maturity March 2011 Source: Reuters Ecowin Chart B.1

  19. Current account as percentage of GDPPer cent Chart B2 Source: Reuters EcoWin

  20. CDS premiums for Icelandic banksbasis points Chart B3 Source: Bloomberg

  21. Banking system’s assets as a percentage of GDPPer cent Source: Reuters EcoWin Chart B4

  22. Development of the icelandic krona against the euro Source: Reuters EcoWin Chart B5

  23. Swedish actors’ changed propensity to take risk compared to six months ago Source: The Riksbank’s risk survey. Answer to the question: How has your propensity to take risk changed compared to six months ago? Figure R.6

  24. Swedish actors’ buffers of liquid assets have increased somewhat Source: The Riksbank’s risk survey. Answer to the question: How has your institution’s buffer of liquid assets changed in relation to six months ago? Figure R.7

  25. Do you consider that the financial crisis has peaked? Source: The Riksbank’s risk survey. Answer to the question: ”Do you consider that the financial crisis has peaked? Figure R.8

  26. The Swedish Household Sector and House Prices

  27. The banks' lending broken down into Swedish and foreign households and companies, Per cent Note. Refers to total loan stock in September 2008. Source: The Riksbank Chart 2:1

  28. Households' nominal disposable income and saving ratioPercentage change and per cent Note. Households' saving ratio is defined as households' savings in relation to disposable income. Sources: Statistics Sweden and the Riksbank Chart 2:2

  29. Household borrowing for purchase of housingPercentage change SEK billion Source: The Riksbank Chart 2:3

  30. Households' debt ratio and interest ratioPer cent of disposable income Sources: Statistics Sweden and the Riksbank Chart 2:4

  31. Mortgage rate, interbank rate and repo ratePer cent Note. Refers to an average of the three month mortgage rate from Handelsbanken, Nordea, SBAB and SEB, the three month interbank rate and the monthly average of the three month mortgage rates for new lending by the mortgage institutions. Sources: Reuters EcoWin, Statistics Sweden and the Riksbank Chart 2:5

  32. Duration of fixed interest periods for new mortgage loansPer cent Source: The Riksbank Chart 2:6

  33. Households below the margin, impaired loans and potential loan lossesPer cent Note. Potential loan losses can not be calculated since the data does not contain values of households' total wealth. Sources: Statistics Sweden and the Riksbank Chart 2:7

  34. Percentage debt held by indebted households in different income groupsPer cent Note. Income group 1 consists of the indebted households with the lowest disposable income and income group 5 consists of the indebted households with the highest disposable income. Sources: Statistics Sweden and the Riksbank Chart 2:8

  35. House prices Index: 1986=100 Source: Statistics Sweden Chart 2:9

  36. Tenant-owned apartment prices SEK per square metre Source: www.maklarstatistik.se Chart 2:10

  37. Housing investment in relation to GDP, seasonally adjustedPer cent Sources: Statistics Sweden, national statistics offices and the Riksbank Chart 2:11

  38. Number of housing starts in relation to populationPer cent Note. The number of housing starts in Sweden during 2006 and 2007 is overestimated , as a result of the "Odell foundation slabs" (Odellplattorna); the actual number of housing starts was much lower, according to the National Board of Housing, Building and Planning. Source: Reuters EcoWin Chart 2:12

  39. The Swedish Corporate Sector

  40. Profitability in Swedish companiesPer cent Chart 2:13 Sources: Bloomberg and the Riksbanken

  41. The number of company bankruptcies broken down by company sizeTwelve-month moving average Chart 2:14 Sources: Statistics Sweden and the Riksbank

  42. Corporate borrowing from credit institutions Annual percentage change Chart 2:15 Source: The Riksbank

  43. Corporate borrowing from credit institutions and their securities funding in Sweden and abroadSEK billion Chart 2:16 Sources: Statistics Sweden and the Riksbank

  44. Corporate borrowing from credit institutions and gross fixed capital investmentsAnnual percentage change Chart 2:17 Sources: Bloomberg and the Riksbanken

  45. Debt/total assets ratio in Swedish listed companiesPer cent Chart 2:18 Sources: Bloomberg and the Riksbanken

  46. The four major banks’ lending rates on new loans signed by non-financial companiesPer cent Chart 2:19 Sources: Statistics Sweden and the Riksbank

  47. Interest coverage ratio in Swedish listed companies Ratio Chart 2:20 Sources: Bloomberg and the Riksbanken

  48. Current ratio in Swedish listed companiesPer cent Chart 2:21 Sources: Bloomberg and the Riksbanken

  49. Corporate credit quality measured by expected default frequency (EDF), historical outcomes and forecasts according to the Riksbank’s main scenario Per cent Chart 2:22 Sources: Moody’s KMV och the Riksbank

  50. Commercial property