Market information
Tuesday, January 05, 2010
The interest rate premium that the Netherlands have to pay in comparison with the German 10Y government bonds decreased since March 2009 from 80 to 18 basis points. Germany is seen as the main country in the European market for government bonds, because the market for this paper is very liquid. Next to that, the probability of default for the German government is assumed to be very close to zero in the market.
ING expects that the Dutch government will enter the capital market this year for €50 bln. This amount consists for €23 bln of redemption of the current debt. The Dutch State Treasury Agency declared that the Dutch government obtained €7.88 bln by issuing four short loans with remaining time to maturity between 1 and 12 months. The return on these securities is between 0.32% and 0.84%.
The price for crude oil increased yesterday for the 8th day in a row to $81.30.This price increase is mainly caused by the cold weather in the US.
The 6M Euribor increased 1 basis point to 1.00%. The 10Y Swap decreased 2 basis points to 3.60%.
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 request for 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
