A market rate is the interest rate that market participants are prepared to pay for various types of credit. It is priced according to supply and demand.
STIBOR Fixing
STIBOR stands for Stockholm Interbank Offered Rate, the interest rate banks pay when borrowing money from one another. STIBOR Fixing is the interest rate that constitutes the average (with the exception of highest and lowest listing) of the interest rates listed daily by selected banks in Sweden. This data is compiled every day at 11.05 am by NASDAQ OMX.
STIBOR Fixing includes:
- Tomorrow Next
- 1-week duration
- 1-month duration
- 2-months duration
- 3-months duration
- 6-months duration
- 9-months duration, and
- 12-months duration
Treasury bills
A treasury bill is a short-term debt instrument issued by the Swedish National Debt Office. The maturity of these instruments is usually up to one year. Treasury bills are used to finance the government’s short-term borrowing requirement.
Treasury bills includes:
- 1-month duration
- 3-months duration
- 6-months duration, and
- 12-months duration
Government bonds
Government bonds is a term used collectively for the bonds issued by the Swedish National Debt Office. The Swedish National Debt Office uses government bonds to finance the government’s medium and long-term borrowing requirements.
Treasury bonds includes:
- 2-years duration
- 5-years duration
- 7-years duration
- 10-years duration
Fixing rates
Fixing rates correspond to the average of market participants’ offer rates. A fixing rate is calculated every day at 11.00 am for treasury bills and government bonds.
Fixing rates include:
- 3-months duration
- 6-months duration, and
- 5-years duration
Mortgage bonds
A mortgage bond is a short-term debt instrument issued by a mortgage institution. By issuing mortgage bonds, the mortgage institutions finance their long-term home mortgage lending. The series presented on the website is Stadshypoteket’s mortgage bond, CAISSE.
Mortgage bonds include:
- 2-years duration
- 5-years duration
Commercial paper
A commercial paper is an instrument issued by a company and used for short-term borrowing in the money market. However, the commercial papers reported on the Riksbank’s website ceased to be listed at the start of October 2005.
Corporate certificates include:
- 3-months duration, and
- 6-months duration.
