Market information
Friday, April 23, 2010
Initially the sentiment on the Amsterdam stock exhange was positive on Thursday, but news on Greece's financial situation changed the sentiment. Eurostat, the statistical bureau of the European Union, estimated that the Greece's budgetary deficit for 2009 is 13.6% of the gross domestic product, instead of the earlier by the Greece's goverment reported 12.9%. In addition Moody's lowered Greece's credit rating. In reaction to this news the yield on Greek sovereign debt increased to more than 8.5%.
Statistics Netherlands announced that the rate at which unemployment increases in the Netherlands was 6.000 per month during the first three months of this year on Wednesday. The average number of unemployed equalled 13,000 per month over the first three months of 2009. The pace at which unemployment increases is reducing for the Netherlands.
The euro depreciated against the US dollar on Thursday. The European currency dropped to USD 1.3315, the lowest exchange rate since May last year.
The 6M Euribor increased 1 basis point to 0.96%. The 10Y Swap decreased 2 basis points to 3.23%.
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
