Market information
Thursday, April 29, 2010
The American central bank has decided not to raise the interest rate yesterday. Despite accelerating economic activity, the bank emphasizes the need to remain cautious and therefore states that the interest rate will remain at low levels for a prolonged period of time. The reason that the central bank is cautious is lagging consumer spending and slow growth of the number of new hires by companies.Credit rating agency Standard & Poor’s has lowered Spain’s rating from AA+ to AA yesterday. This decision is made because of altered economic predictions of S&P for Spain. The rating agency now expects economic growth to be 0.7% per year, a drop of 0.3% per year. In the Zanders market information a new sheet has been added with an overview of country ratings. Ratings that have changed in the last month are in red.
Tomorrow there will be no market information due to Queen’s day in the Netherlands.
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
