Market information
Wednesday, January 06, 2010
Yesterday, Piet Moerland, CEO of Rabobank, has announced the profit over 2009 to be lower than over the prior year. As root cause he mentioned the increased competition in the Dutch savings market that put pressure on margins. In this market Rabobank has a market share of about 40%. The Tier 1 ratio is still above 12.5%.
Jürgen Stark, board member of the European Central Bank, indicated that he is of the opinion that the improved economic circumstances, could be of temporary nature only. Government stimulus are prime drivers and cannot continue as current. He expects the labor market to deteriorate in the coming months.
According to Chinese economists, China should consider a one time appreciation of the yuan against the dollar with 10%. This would slow down the inflow of speculative capital. After this revaluation, the annual movements of the yuan could be capped at three percent.
The 6M Euribor remained at 1.00%. The 10Y Swap decreased 4 basis points to 3,56%.
In the attachment below, today’s market data on money and capital market rates as well as some 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
