Market information

Friday, January 08, 2010

The bankrupcy of Lehman hits the financial market again. Dutch banks and asset managers are likely to pay more than one hundred million euros as a result of a settlement in Belgium between Citibank and hundreds of private investors. Citi offers its customers 65% of the deposit to compensate. The offer runs until February 18th and this may mean a cost of about 140 million euros for Citi in Belgium. The bank is one of the world's largest retailers have for Lehman notes.

The Dutch company Spyker announced last night its bid for the car maker Saab. Spyker has not disclose any financial details. The other bider is Genii Capital, a Luxembourg-based private equity firm, together with Bernie Eccleston.

The 6M Euribor remaines unchanged at 0.99% with respect to yesterday. The 10Y Swap has dropped 1 basis point to 3.55% with respect to yesterday.

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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Thursday, January 07, 2010

In November the demand for produced goods in the United States increased more than expected, according to the statistics of the Ministry of Trade. The factory orders increased in November with 1,1%, where economists expected an increase of 0,5%.

The Dutch State aims to collect 3,5 billion to 4,5 billion euro with the issuance of a new three year loan, as announced yesterday by the Ministry of Finance. The new loan matures at 15 January 2013 and has a coupon of 1,75%.

Today at 1 PM the British central bank will reveal her interest rate policy. No changes are expected for the official interest rate. Also the entrepeneurs and consumers confidence in the eurozone and the retail sales of November are published.

Yesterday the European exchanges suffered small losses and the Dow Jones index closed at the same level as the day before. Trading volumes are low.

The 6M Euribor decreased with 1 bp to 0,99% and the 10Y Swap remained unchanged.

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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Wednesday, January 06, 2010

Yesterday, Piet Moerland, CEO of Rabobank, has announced the profit over 2009 to be lower than over the prior year. As root cause he mentioned the increased competition in the Dutch savings market that put pressure on margins. In this market Rabobank has a market share of about 40%. The Tier 1 ratio is still above 12.5%.

Jürgen Stark, board member of the European Central Bank, indicated that he is of the opinion that the improved economic circumstances, could be of temporary nature only. Government stimulus are prime drivers and cannot continue as current. He expects the labor market to deteriorate in the coming months.

According to Chinese economists, China should consider a one time appreciation of the yuan against the dollar with 10%. This would slow down the inflow of speculative capital. After this revaluation, the annual movements of the yuan could be capped at three percent.

The 6M Euribor remained at 1.00%. The 10Y Swap decreased 4 basis points to 3,56%.

In the attachment below, today’s market data on money and capital market rates as well as some 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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Tuesday, January 05, 2010

The interest rate premium that the Netherlands have to pay in comparison with the German 10Y government bonds decreased since March 2009 from 80 to 18 basis points. Germany is seen as the main country in the European market for government bonds, because the market for this paper is very liquid. Next to that, the probability of default for the German government is assumed to be very close to zero in the market.

ING expects that the Dutch government will enter the capital market this year for €50 bln. This amount consists for €23 bln of redemption of the current debt. The Dutch State Treasury Agency declared that the Dutch government obtained €7.88 bln by issuing four short loans with remaining time to maturity between 1 and 12 months. The return on these securities is between 0.32% and 0.84%.

The price for crude oil increased yesterday for the 8th day in a row to $81.30.This price increase is mainly caused by the cold weather in the US.

The 6M Euribor increased 1 basis point to 1.00%. The 10Y Swap decreased 2 basis points to 3.60%.

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 request for other rates, feel free to ask: .(JavaScript must be enabled to view this email address)

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Monday, January 04, 2010

The chairman of the FED, Ben Bernanke, stated last Sunday in his speech for the American Economic Association that the bubble in the American housing market was not the consequence of the interest rate policy of the FED. Although, he stated that better supervision and tighter regulation of the financial sector would have contained the credit crunch. The FED is accused by economists that they kept the interest rate too low in the first years of this century. According to Bernanke, this was a consequence on the fear of a deflationary spiral that was threatening the American economy. Bernanke did not want to comment on het prediction for the American economy and the federal funds rate.

From numbers published last Thursday by the American ministry of labour, it appears that the number of new requests for social welfare declined with 22,000 to 432,000. Bloomberg analysts expected a increase of 3,000 requests.

The 6M Euribor remained at 0.99%. The 10Y Swap increased 3 basis points to 3,62%.

In the file presented here, the market data on money and capital market rates among others are presented. If you want more information on market rates or history, please mail to .(JavaScript must be enabled to view this email address)

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