Market information
Friday, January 20, 2012
A new version of the EU Treaty states that only those countries that have ratified the new European budget pact, are eligible for financial support. The granting of financial aid under the new European emergency fund for European countries in difficulties (ESM) will start March 1, 2013. On the 30th of January, EU leaders will discuss regulations of the permanent European emergency fund for European countries in difficulties (ESM).
Despite France and Spain’s S&P’s downgrading, long-term government bonds for the 2 countries were highly demanded. France, which lost its AAA status last week, issued 8 billion Euros worth of debt on auction and Spain, which lost its AA- status, successfully issued 6.6 billion Euros. The interest for a 10 year bond has decreased for both countries since mid 2011.
The Dow Jones index rose 0.40% to 12623,98 points. In Amsterdam the AEX index also rose with 1.60% to 320,48.
The 6M Euribor decreased by 1 basis point to 1.48%. The 10Y Swap increased by 6 basis point to 2.33%.
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
