Market information
Friday, September 24, 2010
Ireland's GDP has decreased with 1.2% the 2nd quarter of this year, while analysts anticipated a small increase of 0.5%. This caused the interest on Irish sovereign debt to keep rising, with some investors now calling Ireland the "second Greece".
Washington is busy writing the "Chinese Currency Bill", which is intended to counter the undervaluation of the Chinese yuan by imposing import tariffs and restrictions on Chinese products. It is expected that this will put increasing pressure on the relationship between Washington and Bejing.
The Dutch statistics bureau (CBS) announced that the number of jobs in the Netherlands is increasing. In the second quarter of 2010 an increase of 24.000 was measured compared to the first quarter. The increase in jobs was realized mostly in the financial and business service industries and in the temporary employment agencies.
The 6 months Euribor remained at 1.14% and the 10 years swap decreased 7 basis points to 2.61%.
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
