Market information
Thursday, December 15, 2011
Today, the European Statistical Office, Eurostat, will publish the inflation figure of the Euro zone for the month November. Analysts expect an inflation rate of 3.0% on annual basis. This is the same inflation rate as in the month October. In the Netherlands the unemployment figure for November is published. Analysts expect a rise in unemployment to 5.9%. In October, the unemployment in the Netherlands was 5.8%.
Credit rating agency Fitch has lowered the credit rating of the Rabobank with one notch from AA+ to AA. According to Fitch the poor economic outlook in the Euro zone is one of the main reasons for the downgrade. Fitch follows rating agency Standard & Poor's who already lowered the credit rating of the Rabobank from AAA to AA at the end of November.
Yesterday, Italy issued EUR 3 billion of five-year government bonds. The interest paid by the Italian state was 6.47%. This is 18 basis points higher than the last issue of five-year bonds in November.
The 6M Euribor remained unchanged at 1.67%. The 10Y Swap decreased by 4 basis points to 2.49%.
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
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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
