Market information
Thursday, January 14, 2010
The price of gold decreased approximately with 2% to USD 1132.75 per ounce. Investors sell their gold, because they expect deteriorating times after the large increase of the gold price in December, when it reached USD 1218.25 per ounce.Pension funds should be obligated to write a recovery plan after three quarters of underfunding. Now they are obligated to write this immediately when they are underfunded by the "Finacieel Toetsingskader (FTK)". It is expected that the ministry of Social Affairs and DNB come with propositions to adapt the FTK.
The minister from Finance , Wouter Bos, feels nothing for a seperate bankers bonus taxation in the Netherlands. Bos claims that a lot has already been done to control the bankers bonusses.
The German economy contracted in 2009 with 5%, which was larger than expected. In 2008, there was a growth of 1.3%.
The AEX-index increased with 0.4%, while the Dow Jones index increased with 0.5%.
The 6M Euribor remained unchanged at 0.98% and the 10Y Swap increased with 2 bp to 3.51%.
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
