Market information

Tuesday, January 24, 2012

Yesterday, the European ministers of Finance came together. Among the subjects discussed was the Greek debt crisis. According to the ministers, banks must take a larger loss on their Greek bonds in order for the Greek debt to not exceed the agreed level of 120% of GDP. The finance ministers agreed that the Greek government should continue negotiating with the banks. The ministers demand that a deal between the Greek government and the banks be arranged in order for a promised new loan of EUR 130 bln to the Greeks.

During the meeting they also reached an agreement on the early arrival of the permanent emergency fund ESM. This fund will have a borrowing capacity of € 500 billion and will commerce on July 1 this year. This is one year earlier than originally planned. Ministers agreed that the fund can start as soon as 90% of its capital is available.

Yesterday the European stock markets ended positively. Especially the banks who did well on the European stock market after news of a possible dilute of Basel 3. The AEX index closed 0.9% higher and the Midcap Index gained 1.2%. In Tokyo, the stock market closed slightly higher, despite a reduced growth rate of the Japanese economy. The Nikkei ended 0.2% higher. The S & P 500 just gained 0.05% but the Dow Jones lost by 0.09% yesterday.

The 6M Euribor decreased by 1 basis point to 1.46%. The 10Y Swap increased by 6 basis points to 2.342%.

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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