Market information
Wednesday, November 30, 2011
S&P downgraded the status of the Rabobank from triple A to AA stable. Also other large international banks such as Citigroup, Bank of America, Goldman Sachs and Morgan Stanley had their status downgraded. Bert Bruggink, Chief Financial Officer of the Rabobank, said in an interview on BNR news radio this morning not to be surprised. Earlier this year S&P announced an adapted calculation method for banks in which banks can no longer get a triple A status.
Last night, the Euro-area finance ministers agreed on the EUR 8 billon fund to Greece. This fund saves Greece from a bankruptcy this year. The finance ministers also approved enhancements to their bailout fund while backing off from setting a target for its firepower and seeking a greater role for the IMF in fighting the debt crisis together.
The stock markets in New York Tuesday closed positively for the second day in a row. The Dow Jones index closed 0.3% higher at 11,555.63 points and the S&P 500 index closed 0.2% higher at 1,195 points. Asian shares drop after two days of gain. The Nikkei index in Tokyo ended 0.5% lower at 8434.61 points.
The 6M Euribor remained unchanged at 1.71%. The 10Y Swap increased by 6 basis points to 2.78%.
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
