Chapter 2 Financial markets

2.26 P/E for US corporations; forward-looking for S&P 500, based on annualised quarterly earnings for national accounts data. P/E

Rising value denotes an appreciating currency. 3

TABLE 2 : LIQUIDITY EFFECTS - GOVERNMENT BONDS AND TREASURY BILLS - OCTOBER 2018. Accumulated effect on liquidity from 1 January,

TABLE 2 : LIQUIDITY EFFECTS - GOVERNMENT BONDS AND TREASURY BILLS - MAY 2018. Accumulated effect on liquidity from 1 January,

TABLE 2 : LIQUIDITY EFFECTS - GOVERNMENT BONDS AND TREASURY BILLS - JULY 2017. Accumulated effect on liquidity from 1 January,

A rising value denotes an appreciating exchange rate... 7 Executive Board

Value of foreign trade. Terms of trade. Current yield on government bonds. Wholesale price index. Consumer price index. Hourly wage rates in manufacturing. Registered un- employed.

However, by April 2, mortgage rates have increased to a 9.5% nominal rate. By how much has the value of the