Market information
Thursday, February 11, 2010
Today the EU summit in Brussels will officially cover the long term economic strategy. However, the meeting is overshadowed by the turmoil of the financial markets. Greek bonds have been under pressure for weeks now and will heavily affect the Euro as investors have little faith in dealing with the Greek treasury problems.Investors are counting on a support plan for Greece and will be disappointed if one is not announced today. According to the French newspaper, Le Monde, and the press agency Bloomberg, France and Germany are preparing a supportplan for Greece. Both countries want to prevent the problems to spread over the eurozone and affect the depreciation of the Euro. Yesterday the French president, Nicolas Sarkozy, had consultations with the German prime minister Angela Merkel.
The Federal Reserve is preparing to gradually decline the very broad monetary policy. This was announced yesterday by the president of the Fed Ben Bernanke. The interest rate will remain low, temporarily, but the Fed is using other instruments to stop the developments of depreciation.
The 6M Euribor equals 0.97% and the 10Y Swap increased with 1 bp to 3.44%.
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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
