Market information
Tuesday, July 13, 2010
For the first time after the measures taken by the European Union (EU) and the International Monetary Fund (IMF) Greece will enter the money market. The Greek government will try to sell EUR 1.26 billion in short-term debt. Expectations are that the interest rate on the short-term debt will be a fraction higher than the rate of 5% that the EU applies for its share in the rescue package.
Traditionally, aluminium producer Alcoa was first to publish its results over the second quarter of this year. After the American stock exchanges had closed, Alcoa reported a net result of USD 136 million, in line with the expectations of analysts. Second quarter results of companies will give guidance to the worldwide stock exchanges the coming weeks.
The euro has lost 0.52% of its value to the US dollar on Monday. Investors fear that the outcome for the stress test for European banks will not meet their expectations.
The 6M Euribor increased with 1 basis point to 1.09% and the 10Y Swap decreased with 6 basis points to 2.81%.
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
