Market information
Friday, June 18, 2010
Yesterday, EU leaders agreed to publish the results of a stress test for 25 major European banks. The banks will be called by name and it is expected that the EU makes the results public in July. Rabobank expects that European banks need as a result of this decision EUR 100 billion additional capital. Spain has strongly insisted on this decision, to give financial markets more insight into the solvency and financial soundness of banks in the EU. Earlier, the Spanish government announced to publish the results of a stress test subject to all Spanish banks to restore the confidence in Spanish financial institutions.
In May, the U.S. index of leading economic indicators has grown slower than expected, shown by figures published yesterday by the Conference Board. The index of leading factors rose by 0.4% in May, where economists expected an increase of 0.6%. In April, the index remained unchanged compared to March.
The 6M Euribor remained unchanged at 1.01% and the 10Y Swap increased by 2 basis points to 2.92%.
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
