Market information
Friday, February 19, 2010
The Fed, the system of central banks in the United States, increased the discount rate (the interest rate for short term emergenc y bank loans) from 0.5% to 0.75%. The United States sees the interest rate decrease as an important first step in deducting the support measures which were set during the crisis.The British pound decreasesdagainst the euro, because of worries about the slow recovery of the economy of the United Kingdom. Moreover, the British government spends record amounts on financing stimulation programs, which increases public dept.
The American index on leading economic indicators increased in December for the tenth time in a row, as shown by figures from the Conference Board. The index increased in January by 0.3% after an increase of 1.1% in December. The increase was lower than expected, economists expected an increase of 0.4%.
The 6M Euribor decreased by 1 bp to 0.96% and the 10Y Swap increased by 4 bp to 3.46%.
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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
