Market information
Wednesday, March 24, 2010
Existing home sales decreased for the third month in a row in the United States. The amount of homes sold was 0,6% lower in February compared to January. The supply in the housing market rose with almost 10% to 3.59 million. The average price for which a home was sold in February was $165,100, $400 lower than in January.Producer confidence as measured by the Richmond Federal Reserve reached a level of 6 for March, a rise of 4 points from a month earlier. Respondents were increasingly positive about almost the entire company process. Order backlogs and wages were the only aspects to which respondents were more negative. Responses to questions how the company would look in six months were very positive.
On the other side of the US economy, consumer confidence, as measured by ABC News, dropped 1 point to -44 for the week ending 21st of March. A negative number means that there were more negative than positive answers. Respondents were especially negative about the state of the economy, scoring it a -84.
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
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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
