Market information
Monday, September 27, 2010
Last Friday the value of the dollar against the Yen suddenly increased from 84.22 to 85.38 Yen. Traders assign the increase to an intervention of the Bank of Japan in order to prevent further increase of the Yen's value; Japanese authorities have not confirmed the intervention.
Japan is considering implementing a stimulation package of 4.6 trillion Yen ($54.6 billion) to improve the economic position. The prime Minister Naoto Kan's administration will aim to avoid increasing issuance of government bonds and fund the package by allocation higher than forecasted tax revenue and left over funds from the 2009 budget.
Last week the emerging-market stocks increased for the fourth straight week after reports indicated that the world's largest economies are growing. Last Friday the MSCI Emerging Market Index in New York faced the highest close since July 2008.
The 6 months Euribor remained at 1.14% and the 10 years swap increased 3 basis points to 2.64%..
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).
Page 1 of 1 pages
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
