Market information
Wednesday, July 21, 2010
Yesterday, after a brief revival the euro fell below $ 1.30. This came after news on the stress tests results for European banks. There was news that the German Hypo Real Estate mortgage lender had not passed the test, despite repeated assurances from European leaders that the banks are doing well. Although Hypo Real Estate is the only German bank that has not passed the test, it was enough to initiate a fall in the Euro exchange rate. Yesterday as well, the Central Bureau of Statistics published figures showing that consumer confidence in the Netherlands has improved in July. The consumer confidence index amounted in July to -14 to -18 in June. The consumer confidence about the economic climate appears to be significantly less negative than in June. This sub indicator of consumer confidence rose to -19 in July, an increase of 10 points with respect to a month earlier. The 6M Euribor increased with 1 basis point to 1.13%. The 10Y swap remain unchanged at to 2.90%. 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
