Financial market developments

Quarterly Bulletin 1996 Q4
Published on 01 December 1996
  • Bond and equity prices rose slightly in most major financial markets, probably reflecting a market view that the interest rate and inflation outlook in the major economies was more favourable than previously thought.
  • Issuance and secondary market turnover remained high in bond and equity markets, as did activity in over-the-counter (OTC) and exchange traded derivatives.
  • Prospects for Stage 3 of EMU remained a major influence on participants in most markets in the third quarter, and there is evidence of a continuation of convergence-related positioning as well as some convergence of European bond yields.

PDFFinancial market developments

Other Quarterly Bulletin 1996 Q4 articles

Was this page useful?
Add your details...