Market information
Tuesday, June 14, 2011
The German central bank has changed its forecast upwards for the growth of the German economy. The central bank predicts that the German economy will grow by 3.1% this year. In February the central bank predicted a growth of 2.1% for 2011. According to the central bank the growth of the economy is mainly caused by an increase in domestic investments.
Yesterday, US rating agency Standard & Poor's (S&P) has lowered the long term creditworthiness of Greece from B to CCC. In a statement rating agency S&P said that according to them the likelihood of one or more defaults of Greece debt has increased significantly due to internal and political disagreement.
Today, US macroeconomic figures concerning the retail sales in May and producer prices in May will be published.
The 6M Euribor remained unchanged at 1.74%. The 10Y Euro Swap decreased by 4 basis points to 3.30%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address).
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Economic view
Publications
New terms for a marriage of convenience
Impact of Basel III on corporate banking relationship
risk management, financing, treasury, cash management, working capital, investments, Basel III
Shift towards an American funding model
corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
Going the extra mile for the national treasurer
public sector, treasury management, financing, treasury, publieke sector
