Market information
Friday, June 17, 2011
Thursday, the International Monetary Fund (IMF) and the European Union (EU) agreed to grant Greece more time to complete the additional savings. European Commissioner for Economic Affairs, Olli Rehn, has confidence in the additional savings of EUR 6 billion, which the Greeks have to complete to receive the fifth tranche of EUR 12 billion. If the fifth tranche is granted next Monday, the Greek government has sufficient funding until September.
Yesterday, Eurostat, the European statistical office, announced that inflation in the eurozone reached 2.7% in May compared to the same month last year. The Netherlands had a lower inflation with 2.4% compared to the eurozone. Countries with a relatively high inflation are Estonia (5.5%) and Slovakia (4.2%).
In the United States figures on the number of initial jobless claims and new home construction were announced yesterday. The number of initial jobless claims fell by 13,000 to 414,000 last week. Economists expected a number of 420,000. In addition, new home construction increased by 37,000 to 560,000 in May. Economists expected an increase of 22,000 compared to the previous month.
The 6M Euribor remained unchanged at 1.75%. The 10Y Euro Swap increased by 5 basis points to 3.32%.
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
